Tuesday, August 31, 2010

Treasury Department Seeks Comments on Tribal Economic Development Bond Provision

The Department of the Treasury is seeking comments from tribal governments on the Tribal Economic Development Bond provision in Section 7871(f) of the Internal Revenue Code, according to a notice published in the Federal Register on July 12.

The comments will assist the Treasury Department in developing recommendations regarding this bond provision for a Congressionally-directed study under the American Recovery and Reinvestment Act of 2009, the notice said.

There are several questions the agency is seeking comments on, including whether the state or local governmental standard for tax-exempt governmental bond status should replace the essential governmental function standard and the types of projects and activities eligible for financing with private activity bonds.

The deadline for sending comments is Sept. 10, 2010. They can be sent via e-mail to Tribal.Consult@do.treas.gov. If sent via mail, they should be addressed to: Tribal Economic Development Bond Comments, Department of the Treasury, 1500 Pennsylvania Avenue, NW., Room 3454, Washington, D.C. 20220.

To read the full notice in the Federal Register, click here.

1 comment:

  1. Was very interested in reading the Federal Register item but it only said "Can't open TMP file'.
    I still say that the Indian Nation should be weary of the Socialist Government in office and how they can make us more dependant on them than ever before.
    Be more observant and think, rethink about the
    circumstances not only for your families, but your Tribes welfare. I cannot rate this, there are no stars that go to the negative.

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