S. 1235 — Introduced in Senate

II 114th CONGRESS 1st Session S. 1235 IN THE SENATE OF THE UNITED STATES May 6, 2015 Ms. Murkowski introduced the following bill; which was read twice and referred to the Committee on Finance A BILL To amend the Alaska Native Claims Settlement Act to authorize Regional Corporations and Village Corporations to establish energy assistance programs. 1. Short title This Act may be cited as the Alaska Native Energy Assistance Program Act. 2. Shareholder energy assistance program (a) In general Section 7 of the Alaska Native Claims Settlement Act (43 U.S.C. 1606) is amended by adding at the end the following: (s) Shareholder energy assistance program A Regional Corporation or Village Corporation may establish an energy assistance program that provides to shareholders financial assistance for the payment of residential electric bills, the cost of home weatherization or energy efficiency improvements, or the purchase of transportation fuels. . (b) Taxation Section 21 of the Alaska Native Claims Settlement Act (43 U.S.C. 1620) is amended by adding at the end the following: (k) Energy assistance Any assistance provided to shareholders under an energy assistance program established under section 7(s) shall not be subject to any form of Federal taxation. .