,i #aai? ,,congress #b;d ,session ,h4 ,r4 #ggje ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,febru>y #be1 #bjbf,ms4 ,moore ( ,wiscons9 7= h]self1 ,mr4 ,s*weik]t1 ,mr4 ,?ompson ( ,cali=nia1 ,mr4 ,yakym1 ,ms4 ,del,bene1 ,mr4 ,cole1 ,ms4 ,davids ( ,kansas1 ,mr4 ,valadao1 ,mr4 ,panetta1 & ,mr4 ,mool5a>7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committee on ,education & ,work=ce1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to am5d ! ,int]nal ,rev5ue ,code ( #aihf to treat ,indian ,tribal ,gov]nm5ts 9 ! same mann] z ,/ate gov]nm5ts = c]ta9 ,f$]al tax purposes1 & = o!r purposes4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,tribal ,tax & ,inve/m5t ,re=m ,act ( #bjbf4 7b7 ,table ( cont5ts ,! table ( cont5ts ( ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,sec4 #b4 ,f9d+s4 ,sec4 #c4 ,treatm5t ( ,indian tribes z ,/ates ) respect to excise taxes & bond issuance4 ,sec4 #d4 ,treatm5t ( p5sion & employee b5efit plans ma9ta9$ by ,tribal ,gov]nm5ts4 ,sec4 #e4 ,treatm5t ( ,tribal f\ndations & *>ities l *>ities fund$ & controll$ by o!r gov]nm5tal fund]s & sponsors4 ,sec4 #f4 ,new m>kets tax cr$it = tribal area inve/m5ts4 ,sec4 #g4 ,inclusion ( ,indian areas z difficult developm5t areas = purposes ( c]ta9 build+s4 ,sec4 #h4 ,tribal g5]al welf>e & tru/ programs cl>ification4 ,sec4 #i4 ,indian employm5t tax cr$it4 ,sec4 #aj4 ,exclusion f gross income = paym5ts "u ,indian heal? s]vice loan repaym5t program4 ,sec4 #aa4 ,exclusion ( c]ta9 am\nts receiv$ "u ,indian ,heal? ,pr(essions ,s*ol>%ips ,program4 #b4 ,f9d+s ,! ,congress f9ds ! foll[+3 7#a7 ,!re is a unique ,f$]al legal & political relation%ip betwe5 ! ,unit$ ,/ates & ,indian ,tribes4 7#b7 ,indian ,tribes h ! responsibility & au?ority to provide gov]nm5tal programs & s]vices to ,tribal citiz5s1 develop ,tribal economies1 & build community infra/ructure to ensure t ,indian res]vation l&s s]ve z livable1 p]man5t homes4 7#c7 ,! ,unit$ ,/ates ,con/itution1 ,unit$ ,/ates ,f$]al ,c\rt decisions1 ,executive ord]s1 & num]\s o!r ,f$]al laws & regulations recognize t ,indian ,tribes are gov]nm5ts1 reta9+ ! inh]5t au?ority to tax & op]ate z o!r gov]nm5ts1 includ+ 7int] alia7 f9anc+ projects ) gov]nm5t bonds & ma9ta9+ eligibility = g5]al tax exemptions via _! gov]nm5t /atus4 7#d7 ,codify+ tax p>ity ) respect to ,tribal ,gov]nm5ts is consi/5t ) ,f$]al treaties recogniz+ ! sov]eignty ( ,tribal ,gov]nm5ts4 7#e7 ,t ,indian ,tribes face hi/oric disadvantages 9 access+ ! und]ly+ capital to build ! necess>y infra/ructure = job creation1 & t c]ta9 /atutory re/rictions on ,tribal gov]nance fur!r inhibit ,tribes' ability to develop /rong gov]nance & economies4 7#f7 ,indian ,tribes are sometimes exclud$ f ! ,int]nal ,rev5ue ,code ( #aihf 9 key provisions :i* results 9 unfair tax treatm5t = ,tribal citiz5s or unequal en=cem5t au?ority = ,tribal en=cem5t ag5cies4 7#g7 ,congress is ve/$ ) ! au?ority to regulate comm]ce ) ,indian ,tribes1 & h]eby ex]cises t au?ority 9 a mann] :i* fur!rs ,tribal self-gov]nance1 & 9 do+ s1 fur!r affirms ! ,unit$ ,/ates gov]nm5t-to-gov]nm5t relation%ip ) ,indian ,tribes4 #c4 ,treatm5t ( ,indian tribes z ,/ates ) respect to excise taxes & bond issuance 7a7 ,repeal ( ess5tial gov]nm5tal function requirem5ts ,section #ghga ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ subsections 7b7 & 7e7 & r$esignat+ subsections 7c71 7d71 & 7f7 z subsections 7b71 7c71 & 7d71 respectively4 7b7 ,special rules = tax-,exempt bonds ,subsection 7b7 ( section #ghga ( su* ,code1 z r$esignat$ by subsection 7a71 is am5d$ to read z foll[s3 7b7 ,special rules = tax-,exempt bonds 7#a7 ,9 g5]al ,9 apply+ section #adf to bonds issu$ by ,indian ,tribal ,gov]nm5ts-- 7,a7 !re %all be a national bond volume cap = ea* cal5d> ye> aft] #bjbf equal to #djj1jjj1jjj1 & 7,b7 ! volume cap = any ,indian ,tribal ,gov]nm5t %all be ! portion ( su* national bond volume cap :i* is allocat$ by ! ,secret>y 7"u su* regulations z ! ,secret>y may prescribe7 to su* ,indian ,tribal ,gov]nm5t4 7#b7 ,application ( geographic re/riction ,9 ! case ( national bond volume cap allocat$ "u p>agraph 7#a71 section #adf7k77#a7 %all n apply to ! ext5t t su* cap is us$ ) respect to f9anc+ = a facility locat$ on qualifi$ ,indian l&s4 7#c7 ,re/riction on f9anc+ ( c]ta9 gam+ facilities ,no portion ( proce$s f an obligation issu$ by an ,indian ,tribal ,gov]nm5t 7or subdivision !re(7 "u section #ajc may be us$ ) respect to ! f9anc+ ( any portion ( a build+ 9 :i* class ,,ii or class ,,iii gam+ 7z def9$ 9 section #d ( ! ,indian ,gam+ ,regulatory ,act 7#be ,u4,s4,c4 #bgjc77 is conduct$ or h\s$ or any prop]ty actually us$ 9 ! conduct ( su* gam+4 7#d7 ,def9itions & special rules 7,a7 ,indian ,tribal ,gov]nm5t ,= purposes ( ?is subsection1 subsection 7e71 & s mu* ( subsection 7a7 z relates to p>agraph 7#d7 ( su* subsection1 ! t]m ,indian ,tribal ,gov]nm5t means ! recogniz$ gov]n+ body ( any ,indian or ,alaska ,native tribe1 b&1 nation1 pueblo1 village1 community1 compon5t b&1 or compon5t res]vation1 individually id5tifi$ 7includ+ p>5!tically7 pursuant to section #ajd ( ! ,f$]ally ,recogniz$ ,indian ,tribe ,li/ ,act ( #aiid 7#be ,u4,s4,c4 #eaca71 includ+ any ag5cy1 in/rum5tality1 or subdivision ( su* gov]n+ body1 &1 "u regulations prescrib$ by ! ,secret>y1 any entity e/abli%$ "u ,f$]al1 ,/ate1 or ,tribal law :i* is :olly own$ or controll$ by any ( ! =ego+4 7,b7 ,qualifi$ ,indian l&s ,= purposes ( ?is subsection1 ! t]m qualifi$ ,indian l&s means-- 7i7 ,indian l&s )9 ! mean+ ( section #bi7;j77#h7 ( ! ,/ev5son-,wydl] ,te*nology ,innovation ,act ( #aihj 7#ae ,u4,s4,c4 #cgbb;b7j77#h771 7ii7 l& held 9 fee simple by an ,indian ,tribal ,gov]nm5t1 7iii7 ea* region 9 effect "u subsection 7a7 or 7b7 ( section #g ( ! ,alaska ,native ,claims ,settlem5t ,act 7#dc ,u4,s4,c4 #afjf71 7iv7 ,hawaiian ,home ,l&s 7z def9$ 9 section #hja ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dbba771 & 7v7 "u regulations prescrib$ by ! ,secret>y1 l&s :]e ! facility is to be plac$ 9 s]vice 9 connection )-- 7,i7 ! active conduct ( a trade or bus9ess by an ,indian ,tribe on1 contigu\s to1 )9 reasonable proximity (1 or ) a sub/antial connection to l&s describ$ 9 clause 7i71 7ii71 7iii71 or 7iv71 or 7,,ii7 infra/ructure 7includ+ roads1 p[] l9es1 wat] sy/ems1 railroad spurs1 & communication facilities7 s]v+ l&s describ$ 9 clause 7i71 7ii71 7iii71 or 7iv74 ,su* t]m %all n include any l& :i* is n )9 ! ,unit$ ,/ates4 7,c7 ,int]tribal consortia1 etc ,"u regulations prescrib$ by ! ,secret>y1 an ,indian ,tribal ,gov]nm5t 7includ+ any subdivision !re(71 or any comb9ation ( su* ,indian ,tribal ,gov]nm5ts op]at+ pursuant to a writt5 agreem5t1 may au?orize any p]son to plan =1 coord9ate or o!rwise adm9i/] s]vices1 f9ances1 functions1 or activities on its behalf "u ?is subsection1 except t ! au?oriz$ p]son %all h ! rights & responsibilities ( ! au?oriz+ ,indian ,tribal ,gov]nm5t 7or ,indian ,tribal ,gov]nm5ts7 only to ! ext5t provid$ 9 ! au?oriz+ resolution4 7,d7 ,inflation adju/m5t ,9 ! case ( any cal5d> ye> aft] #bjbg1 ! #djj1jjj1jjj am\nt 9 p>agraph 7#a77;,a7 %all be increas$ by an am\nt equal to-- 7i7 su* doll> am\nt1 multipli$ by 7ii7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = su* cal5d> ye> by sub/itut+ cal5d> ye> #bjbf = cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4 ,if any increase det]m9$ "u ! prec$+ s5t5ce is n a multiple ( #ajj1jjj1 su* increase %all be r\nd$ to ! ne>e/ multiple ( #ajj1jjj4 4 7c7 ,alaska ,native ,int]tribal ,consortium tax-,exempt bonds ,section #ghga ( su* ,code1 z am5d$ by subsection 7a71 is am5d$ by add+ at ! end ! foll[+ new subsection3 7e7 ,alaska ,native ,int]tribal ,consortium tax-,exempt bonds 7#a7 ,bonds treat$ z exempt f tax ,9 ! case ( an ,alaska ,native ,int]tribal ,consortium tax-exempt bond-- 7,a7 su* bond %all be treat$ = purposes ( ?is title 9 ! same mann] z if su* bond 7 issu$ by an ,indian ,tribal ,gov]nm5t1 & 7,b7 9 apply+ section #adf to any issu] ( su* bond-- 7i7 !re %all be a national bond volume cap = ea* cal5d> ye> aft] #bjbf equal to #de1jjj1jjj1 & 7ii7 ! volume cap ( su* issu] %all be ! portion ( su* national bond volume cap :i* is allocat$ by ! ,secret>y 7"u su* regulations z ! ,secret>y may prescribe7 to su* issu]4 7#b7 ,alaska ,native ,int]tribal ,consortium tax-exempt bond ,= purposes ( ?is section-- 7,a7 ,9 g5]al ,! t]m ,alaska ,native ,int]tribal ,consortium tax-exempt bond means any bond issu$ by an ,alaska ,native ,int]tribal ,consortium if-- 7i7 su* bond is a qualifi$ bond 7z def9$ 9 section #ada7;e71 det]m9$ )\t reg>d to p>agraph 7#b7 !re(71 7ii7 none ( ! net proce$s ( su* bond are us$ = ! purpose ( provid+ any facility1 project1 or program = :i* ! proce$s ( any bond to :i* subsection 7b7 applies are also us$1 & 7iii7 su* bond is designat$ z an ,alaska ,native ,int]tribal ,consortium tax-exempt bond by su* ,alaska ,native ,int]tribal ,consortium4 7,b7 ,exceptions ,! t]m ,alaska ,native ,int]tribal ,consortium tax-exempt bond %all n include any bond issu$ z "p ( an issue if-- 7i7 any portion ( ! proce$s ( su* issue are us$ to f9ance any portion ( a build+ 9 :i* class ,,ii or class ,,iii gam+ 7z def9$ 9 section #d ( ! ,indian ,gam+ ,regulatory ,act7 is conduct$ or h\s$ or any o!r prop]ty actually us$ 9 ! conduct ( su* gam+1 or 7ii7 any portion ( ! proce$s ( su* issue are us$ to provide 7includ+ ! provision ( l& =7 any private or comm]cial golf c\rse1 c\ntry club1 massage p>lor1 hot tub facility1 suntan facility1 racetrack or o!r facility us$ = gambl+1 or any /ore ! pr9cipal bus9ess ( :i* is ! sale ( alcoholic bev]ages = consumption (f premises4 7,c7 ,limitation on am\nt ( bonds designat$ ,! maximum aggregate face am\nt ( bonds issu$ by any ,alaska ,native ,int]tribal ,consortium :i* may be designat$ by su* ,consortium "u subp>agraph 7,a77ii7 %all n exce$ ! am\nt ( national ,alaska ,native ,int]tribal ,consortium tax-exempt bond limitation allocat$ to su* ,consortium "u p>agraph 7#a74 7#c7 ,alaska ,native ,int]tribal ,consortium ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,! t]m ,alaska ,native ,int]tribal ,consortium means-- 7i7 any comb9ation ( ,alaska ,native ,tribal ,gov]nm5ts op]at+ pursuant to a writt5 agreem5t1 & 7ii7 any ,alaska ,native regional non-pr(it organization4 7,b7 ,alaska ,native ,tribal ,gov]nm5t ,! t]m ,alaska ,native ,tribal ,gov]nm5t means any ,indian ,tribal ,gov]nm5t ) respect to "o or m regions 9 effect "u subsection 7a7 or 7b7 ( section #g ( ! ,alaska ,native ,claims ,settlem5t ,act 7#dc ,u4,s4,c4 #afjf74 7,c7 ,alaska ,native regional non-pr(it organization ,! t]m ,alaska ,native regional non-pr(it organization means-- 7i7 ! ,aleutian ,pribil( ,isl&s ,association1 ,inc41 7ii7 ! ,arctic ,slope ,native ,association1 7iii7 ! ,association ( ,village ,c\ncil ,presid5ts1 7iv7 ! ,bri/ol ,bay ,native ,association1 7v7 ! ,*uga*miut1 ,inc41 7vi7 ! ,cook ,inlet ,tribal ,c\ncil1 7vii7 ! ,copp] ,riv] ,native ,association1 7viii7 ! ,kaw]ak1 ,inc41 7ix7 ! ,kodiak ,area ,native ,association1 7x7 ! ,maniilaq1 7xi7 ! ,tanana ,*iefs ,conf]5ce1 7xii7 ! ,alaska ,native ,tribal ,heal? ,consortium1 7xiii7 ! ,bri/ol ,bay ,area ,heal? ,corporation1 7xiv7 ! ,norton ,s\nd ,heal? ,corporation1 7xv7 ! ,s\!a/ ,alaska ,regional ,heal? ,consortium1 7xvi7 ! ,yukon ,kuskokwim ,heal? ,corporation1 & 7xvii7 "u regulations prescrib$ by ! ,secret>y1 su* o!r organizations z may be id5tifi$ by ! ,secret>y1 ^u reque/ by an ,indian ,tribal ,gov]nm5t & aft] consultation ) ! ,bureau ( ,indian ,affairs1 z ,alaska ,native regional non-pr(it organizations = purposes ( ?is subsection4 7#d7 ,application ( c]ta9 rules reg>d+ int]tribal consortia ,! rules ( subsection 7b77#d77;,c7 %all apply ) respect to ,alaska ,native ,int]tribal ,consortiums "u ?is subsection 9 ! same mann] su* rules apply to ,indian ,tribal ,gov]nm5ts "u subsection 7b74 7#e7 ,special rules = ,alaska ,native ,corporation 7,a7 ,9 g5]al ,if any ,alaska ,native ,corporation p>ticipates ) respect to any bond1 su* bond %all n be treat$ z an ,alaska ,native ,int]tribal ,consortium tax-exempt bond unless su* ,corporation provides a writt5 c]tification to ! ,secret>y t ! facilities or s]vices provid$ ) ! proce$s ( su* bond w promote ! economic1 social1 or cultural well-be+ ( su* ,corporation's %>ehold]s pursuant to ! ,alaska ,native ,claims ,settlem5t ,act 7#dc ,u4,s4,c4 #afja et seq474 7,b7 ,p>ticipation ,= purposes ( subp>agraph 7,a71 an ,alaska ,native ,corporation %all be treat$ z p>ticipat+ ) respect to any bond if su* ,corporation-- 7i7 is "p ( any ,alaska ,native regional non-pr(it organization :i* is "p ( ! ,alaska ,native ,int]tribal ,consortium t issues su* bond1 7ii7 is au?oriz$ pursuant to p>agraph 7#d7 to provide any s]vice describ$ 9 subsection 7b77#d77;,c7 ) respect to su* bond1 or 7iii7 receives any ( ! proce$s ( su* bond4 7,c7 ,alaska ,native ,corporation ,= purposes ( ?is p>agraph1 ! t]m ,alaska ,native ,corporation means any ,regional ,corporation1 any ,village ,corporation1 any ,urban ,corporation1 & any ,gr\p ,corporation 7z su* t]ms are def9$ 9 section #c ( ! ,alaska ,native ,claims ,settlem5t ,act 7#dc ,u4,s4,c4 #afjb774 7#f7 ,inflation adju/m5t ,9 ! case ( any cal5d> ye> aft] #bjbg1 ! #de1jjj1jjj am\nt 9 p>agraph 7#a77;,b77i7 %all be increas$ by an am\nt equal to-- 7,a7 su* doll> am\nt1 multipli$ by 7,b7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = su* cal5d> ye> by sub/itut+ cal5d> ye> #bjbf = cal5d> ye> #bjaf 9 subp>agraph 7,a77ii7 !re(4 ,if any increase det]m9$ "u ! prec$+ s5t5ce is n a multiple ( #ajj1jjj1 su* increase %all be r\nd$ to ! ne>e/ multiple ( #ajj1jjj4 4 7d7 ,t]m9ation ( tribal economic developm5t bonds ,section #ghga7;d77#c7 ( su* ,code1 z am5d$ by subsection 7a71 is am5d$ by add+ at ! end ! foll[+ new subp>agraph3 7,d7 ,t]m9ation ,= purposes ( ?is section1 ! t]m tribal economic developm5t bond %all n include any bond issu$ aft] ,decemb] #ca1 #bjbi4 4 7e7 ,con=m+ am5dm5ts 7#a7 ,section #ghga7;a7 ( su* ,code is am5d$-- 7,a7 9 p>agraph 7#b7 by /rik+ subject to subsection 7b711 & 7,b7 9 p>agraph 7#d7 by /rik+ subsection 7c7 & ins]t+ subsection 7b74 7#b7 ,section #de7;c77#i77;,b7 ( su* ,code is am5d$ to read z foll[s3 7,b7 ,indian tribe ,= purposes ( ?is p>agraph1 ! t]m ,indian ,tribe means any ,indian ,tribe1 b&1 nation1 or o!r organiz$ gr\p or community :i* is recogniz$ z eligible = ! special programs & s]vices provid$ by ! ,unit$ ,/ates to ,indians because ( _! /atus z ,indians4 4 7f7 ,effective dates 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is subsection1 ! am5dm5ts made by ?is section %all apply to obligations issu$ 9 cal5d> ye>s beg9n+ aft] ,decemb] #ca1 #bjbf4 7#b7 ,excise taxes ,! am5dm5ts made by subsections 7a7 & 7e77#a77;,a7 %all take effect on & aft] ! fir/ day ( ! fir/ cal5d> qu>t] beg9n+ m ?an #fj days aft] ! date ( ! enactm5t ( ?is ,act4 #d4 ,treatm5t ( p5sion & employee b5efit plans ma9ta9$ by ,tribal ,gov]nm5ts 7a7 ,treatm5t ( plans 7#a7 ,qualifi$ public safety employee ,section #gb7t77#aj77;,b7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7def9+ qualifi$ public safety employee7 is am5d$ by-- 7,a7 /rik+ or political subdivision ( a ,/ate & ins]t+ 1 political subdivision ( a ,/ate1 or ,indian tribal gov]nm5t2 & 7,b7 /rik+ su* ,/ate or political subdivision & ins]t+ su* ,/ate1 political subdivision1 or ,indian tribal gov]nm5t4 7#b7 ,gov]nm5tal plan ,! la/ s5t5ce ( section #dad7;d7 ( su* ,code 7def9+ gov]nm5tal plan7 is am5d$ to read z foll[s3 ,! t]m gov]nm5tal plan includes a plan e/abli%$ or ma9ta9$ = its employees by an ,indian tribal gov]nm5t1 an ag5cy1 in/rum5tality1 or subdivision ( an ,indian tribal gov]nm5t1 or an entity e/abli%$ "u ,f$]al1 ,/ate1 or ,tribal law :i* is :olly own$ or controll$ by any ( ! =ego+44 7#c7 ,exempt gov]nm5tal def]r$ comp5sation plan ,section #caba7v77#c7 ( su* ,code 7def9+ gov]nm5tal def]r$ comp5sation plan7 is am5d$ by ins]t+ by an ,indian tribal gov]nm5t1 an ag5cy1 in/rum5tality1 or subdivision ( an ,indian tribal gov]nm5t1 or an entity e/abli%$ "u ,f$]al1 ,/ate1 or ,tribal law :i* is :olly own$ or controll$ by any ( ! =ego+1 aft] political subdivision !re(14 7#d7 ,gr&fa!r ( c]ta9 def]r$ comp5sation plans ,section #deg ( su* ,code is am5d$ by add+ at ! end ! foll[+ new subsection3 7h7 ,c]ta9 ,tribal gov]nm5t plans gr&fa!r$ ,plans e/abli%$ be=e ! date ( enactm5t ( ?is subsection & ma9ta9$ by an ,indian tribal gov]nm5t1 an ag5cy1 in/rum5tality1 or subdivision ( an ,indian tribal gov]nm5t1 or an entity e/abli%$ "u ,f$]al1 ,/ate1 or ,tribal law :i* is :olly own$ or controll$ by any ( ! =ego+1 9 compliance ) subsection 7b7 %all be treat$ z if e/abli%$ by an eligible employ] "u subsection 7e77#a77;,a74 ,a plan describ$ 9 ! prec$+ s5t5ce may1 at ! election ( ! employ]1 cont9ue to be ma9ta9$ )\t reg>d to ! prec$+ s5t5ce or be am5d$ if necess>y to be ma9ta9$ 9 compliance ) ?is section4 4 7#e7 ,long-t]m1 "p-"t work]s ,section #dja7k77#ae77;,c7 ( su* ,code is am5d$ to read z foll[s3 7,c7 ,application ( /&>ds to c]ta9 employees & plans ,! provisions ( p>agraph 7#b77;,d77ii7 %all n apply to-- 7i7 employees describ$ 9 section #daj7;b77#c71 & 7ii7 a gov]nm5tal plan )9 ! mean+ ( section #dad7;d74 4 7b7 ,en=cem5t moratorium relat$ to ,p5sion ,protection ,act ( #bjjf 7#a7 ,9 g5]al ,an ,indian tribal gov]nm5t1 an ag5cy1 in/rum5tality1 or subdivision ( an ,indian tribal gov]nm5t1 & an entity e/abli%$ "u ,f$]al1 ,/ate1 or ,tribal law :i* is :olly own$ or controll$ by any ( ! =ego+1 %all n be subject to a ,f$]al ag5cy en=cem5t action bas$ solely on ! am5dm5ts made by ! ,p5sion ,protection ,act ( #bjjf to ! ,int]nal ,rev5ue ,code ( #aihf or ! ,employee ,retirem5t ,income & ,security ,act ( #aigd ) respect to any p]iod prior to ! publication ( regulations ) respect to su* am5dm5ts4 7#b7 ,indian tribal gov]nm5t ,= purposes ( ?is subsection1 ! t]m ,indian tribal gov]nm5t has ! mean+ giv5 su* t]m 9 section #ggja7;a77#dj7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#c7 ,regulatory guidance ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 & ! ,secret>y ( ,labor %all1 9 consultation ) ,tribal ,advisory ,committee e/abli%$ pursuant to section #c ( ! ,tribal ,g5]al ,welf>e ,exclusion ,act ( #bjad & ,indian tribal gov]nm5ts & relevant gov]nm5tal ag5cies1 issue su* regulations or o!r guidance z may be necess>y to c>ry out ?is subsection4 7c7 ,uni=m protections & fiduci>y /&>ds = tribal plans 7#a7 ,9 g5]al ,*apt] #gg ( su* ,code is am5d$ by add+ at ! end ! foll[+3 #geca4 ,uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans 7a7 ,9 g5]al ,a ,tribal p5sion plan %all be subject to ! uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans4 7b7 ,p]sonal liability 7#a7 ,9 g5]al ,any p]son :o is a fiduci>y ) respect to a ,tribal p5sion plan :o brea*es any ( ! responsibilities1 obligations1 or duties impos$ ^u fiduci>ies by ! uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans1 %all be p]sonally liable to make good to su* plan any losses to ! plan result+ f ea* su* brea*1 & to re/ore to su* plan any pr(its ( su* fiduci>y :i* h be5 made ?r\gh use ( assets ( ! plan by ! fiduci>y1 & %all be subject to su* o!r equitable or rem$ial relief z ! c\rt may deem appropriate1 includ+ removal ( su* fiduci>y4 7#b7 ,no liability = prior brea* ,no fiduci>y %all be liable ) respect to a brea* ( fiduci>y duty "u ?is section if su* brea* 0 committ$ be=e ! fiduci>y became a fiduci>y or aft] ! fiduci>y ceas$ to be a fiduci>y4 7c7 ,nondiscrim9ation 7#a7 ,no int]f]5ce ) protect$ rights ,x %all be unlawful = any p]son to dis*>ge1 f9e1 susp5d1 expel1 discipl9e1 or discrim9ate aga9/ a p>ticipant or b5efici>y = ex]cis+ any "r to :i* ! p>ticipant or b5efici>y is entitl$ "u ! provisions ( a ,tribal p5sion plan or "u ! uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans1 or = ! purpose ( int]f]+ ) ! atta9m5t ( any "r to :i* su* p>ticipant or b5efici>y may become entitl$ "u su* plan or ! uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans4 7#b7 ,nondiscrim9ation ,contributions or b5efits provid$ "u a ,tribal p5sion plan %all n discrim9ate 9 favor ( highly comp5sat$ employees 7)9 ! mean+ ( section #dad7q774 7d7 ,def9itions & special rules ,= purposes ( ?is section-- 7#a7 ,tribal p5sion plan ,! t]m ,tribal p5sion plan means any qualifi$ employ] retirem5t plan 7z def9$ 9 section #gb7;d77#a77;,g77 :i*-- 7,a7 is a gov]nm5tal plan 7z def9$ 9 section #dad7;d771 7,b7 has at lea/ #ejj active p>ticipants1 & 7,c7 is e/abli%$ or ma9ta9$ = ! employees ( an ,indian tribal gov]nm5t1 an ag5cy1 in/rum5tality1 or subdivision ( an ,indian tribal gov]nm5t1 or an entity e/abli%$ "u ,f$]al1 ,/ate1 or ,tribal law :i* is :olly own$ or controll$ by any ( ! =ego+4 7#b7 ,uni=m protections & fiduci>y /&>ds = tribal p5sion plans ,! t]m uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans means t 9 connection ) a fiduci>y's duties ) respect to a ,tribal p5sion plan ! fiduci>y %all dis*>ge ^? duties-- 7,a7 solely 9 ! int]e/ ( ! p>ticipants & b5efici>ies1 7,b7 = ! exclusive purpose ( provid+ b5efits to p>ticipants & b5efici>ies1 7,c7 to defray reasonable exp5ses ( adm9i/]+ ! plan1 7,d7 ) ! c>e1 skill1 prud5ce1 & dilig5ce "u ! circum/ances !n prevail+ t a prud5t p]son act+ 9 a l capacity & famili> ) su* matt]s w\ld use 9 ! conduct ( an ent]prise ( a l "* & ) l aims1 7,e7 by div]sify+ ! inve/m5ts ( ! plan s z to m9imize ! risk ( l>ge losses1 unless "u ! circum/ances x is cle>ly prud5t n to d s1 & 7,f7 9 accordance ) ! docum5ts & in/rum5ts gov]n+ ! plan ins(> z su* docum5ts & in/rum5ts are consi/5t ) ! requirem5ts ( ! prec$+ subp>agraphs4 7#c7 ,control ov] assets by p>ticipant or b5efici>y ,9 ! case ( a ,tribal p5sion plan :i* provides = individual acc\nts & p]mits a p>ticipant or b5efici>y to ex]cise control ov] ! assets 9 _! acc\nt1 if a p>ticipant or b5efici>y ex]cises control ov] ! assets 9 _! acc\nt-- 7,a7 su* p>ticipant or b5efici>y %all n be deem$ to be a fiduci>y by reason ( su* ex]cise1 & 7,b7 no p]son :o is o!rwise a fiduci>y %all be liable "u ?is section = any loss1 or by reason ( any brea*1 :i* results f su* p>ticipant's or b5efici>y's ex]cise ( control4 7e7 ,notice requirem5ts ,! plan adm9i/rator = any ,tribal p5sion plan %all cause to be furni%$ to ea* p>ticipant cov]$ "u ! plan a summ>y plan description4 ,! summ>y plan description & any notice ( mat]ial modifications %all be provid$ or made available to p>ticipants )9 a reasonable p]iod foll[+ ! effective date ( a p>ticipant's cov]age or ! effective date ( mat]ial *anges to ! plan1 z applicable4 ,! summ>y plan description %all-- 7#a7 be writt5 9 a mann] calculat$ to be und]/ood by ! av]age plan p>ticipant1 7#b7 be suffici5tly accurate & compreh5sive to reasonably apprise su* p>ticipants & b5efici>ies ( _! rights & obligations "u ! plan1 & 7#c7 specify any mat]ial modification 9 ! t]ms to ! plan made aft] ! previ\s summ>y plan description4 7f7 ,p]sons emp[]$ ,to br+ a civil action ,9 ! case ( a ,tribal p5sion plan1 a civil action may be br\ght-- 7#a7 by a p>ticipant or b5efici>y to recov] b5efits due "u ! t]ms ( ! plan1 to en=ce rights "u ! t]ms ( ! plan1 or to cl>ify rights to future b5efits "u ! t]ms ( ! plan2 7#b7 by a p>ticipant1 b5efici>y1 or fiduci>y = relief = any loss = :i* a fiduci>y is p]sonally liable "u ?is section2 & 7#c7 by a p>ticipant1 b5efici>y1 or fiduci>y-- 7,a7 to enjo9 any act or practice :i* violates any provision ( ! uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans1 or 7,b7 to obta9 o!r appropriate equitable relief-- 7i7 to r$ress su* violations1 or 7ii7 to en=ce any provisions ( ! uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans or ! t]ms ( ! plan4 7g7 ,/atus ( ,tribal p5sion plan z entity ,a ,tribal p5sion plan may sue or be su$ "u ?is section z an entity4 ,s]vice ( summons1 subpo5a1 or o!r legal process ( a c\rt ^u a tru/ee or an adm9i/rator ( a ,tribal p5sion plan 9 su* capacity %all con/itute s]vice ^u ! ,tribal p5sion plan4 ,any money judgm5t "u ?is section aga9/ a ,tribal p5sion plan %all be en=ceable only aga9/ ! plan z an entity & %all n be en=ceable aga9/ any o!r p]son or entity4 7h7 ,jurisdiction ,en=cem5t actions relat$ to ! uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans %all be 9 ! applicable ,tribal c\rt unless ! ,indian tribal gov]nm5t has opt$ to limit ,tribal c\rt jurisdiction = su* actions 9 favor ( ,f$]al c\rt en=cem5t4 ,9 ! abs5ce ( an e/abli%$ ,tribal c\rt1 or = ,indian tribal gov]nm5ts :o h elect$ to limit _! ,tribal c\rt's jurisdiction to exclude claims = en=c+ ! uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans1 a p>ticipant or b5efici>y may seek en=cem5t 9 ! di/rict c\rt ( ! ,unit$ ,/ates = ! di/rict :]e ! plan has its pr9cipal (fice1 or 9 ! ,unit$ ,/ates ,di/rict = ! ,di/rict ( ,columbia4 ,:5 applicable1 ! di/rict c\rts ( ! ,unit$ ,/ates %all h jurisdiction )\t respect to ! am\nt 9 controv]sy or ! citiz5%ip ( ! p>ties4 7i7 ,attorney's fees & co/s ,! c\rt1 9 its discretion1 may all[ an aw>d ( reasonable attorney's fees & co/s to a p>ticipant1 b5efici>y1 or fiduci>y :o prevails 9 an action to en=ce ! uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans4 7j7 ,coord9ation ) o!r tribal laws & protections ,no?+ 9 ?is section %all preempt or o!rwise prev5t an ,indian ,tribe f adopt+ additional laws & protections n inconsi/5t ) ?is section4 7k7 ,regulations ,! ,secret>y %all "w ) ! ,tribal ,advisory ,committee e/abli%$ pursuant to section #c ( ! ,tribal ,g5]al ,welf>e ,exclusion ,act ( #bjad1 & 9 consultation ) ,indian tribal gov]nm5ts & relevant gov]nm5tal ag5cies1 to develop regulatory guidance "u ?is section1 z well z ! en=cem5t ( su* /&>ds4 4 7#b7 ,cl]ical am5dm5t ,! table ( sections = *apt] #gg ( su* ,code is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #geca4 ,uni=m protections & fiduci>y /&>ds = ,tribal p5sion plans4 4 7d7 ,con=m+ am5dm5t ,! la/ s5t5ce ( section #c7cb7 ( ! ,employee ,retirem5t ,income ,security ,act ( #aigd 7#bi ,u4,s4,c4 #ajjb7cb77 is am5d$ to read z foll[s3 ,! t]m gov]nm5tal plan includes a plan e/abli%$ or ma9ta9$ = its employees by an ,indian tribal gov]nm5t1 an ag5cy1 in/rum5tality1 or subdivision ( an ,indian tribal gov]nm5t1 or an entity e/abli%$ "u ,f$]al1 ,/ate1 or ,tribal law :i* is :olly own$ or controll$ by any ( ! =ego+44 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 7f7 ,transition provisions ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 %all1 9 consultation ) ! ,tribal ,advisory ,committee e/abli%$ "u section #c ( ! ,tribal ,g5]al ,welf>e ,exclusion ,act ( #bjad 7#bf ,u4,s4,c4 #aci;,e note71 & 9 consultation ) ,indian tribal gov]nm5ts1 develop guidance on ! transition ( plans to meet requirem5ts add$ or *ang$ by ! am5dm5ts made by ?is section1 includ+ publication ( transition relief if appropriate4 ,! ,secret>y ( ! ,treasury 7or ! ,secret>y's delegate7 is au?oriz$ to ext5d deadl9es impos$ by ! ,int]nal ,rev5ue ,code ( #aihf to reflect any su* transition relief 7& to coord9ate su* transition relief ) relevant gov]nm5tal ag5cies7 z well z "t = plan sponsors to adopt am5dm5ts & implem5t requir$ *anges4 #e4 ,treatm5t ( ,tribal f\ndations & *>ities l *>ities fund$ & controll$ by o!r gov]nm5tal fund]s & sponsors 7a7 ,9 g5]al ,section #agj7;b77#a77;,a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+3 ,= purposes ( clause 7vi71 ! t]m gov]nm5tal unit includes an ,indian tribal gov]nm5t1 an ag5cy1 in/rum5tality1 or subdivision ( an ,indian tribal gov]nm5t1 or an entity e/abli%$ "u ,f$]al1 ,/ate1 or ,tribal law :i* is :olly own$ or controll$ by any ( ! =ego+44 7b7 ,c]ta9 support+ organizations ,section #eji7;a7 ( su* ,code is am5d$ by add+ at ! end ! foll[+3 ,= purposes ( p>agraph 7#c71 an organization describ$ 9 p>agraph 7#b7 %all be deem$ to include an ,indian tribal gov]nm5t1 an ag5cy1 in/rum5tality1 or subdivision ( an ,indian tribal gov]nm5t1 or an entity e/abli%$ "u ,f$]al1 ,/ate1 or ,tribal law :i* is :olly own$ or controll$ by any ( ! =ego+44 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ! date ( ! enactm5t ( ?is ,act4 #f4 ,new m>kets tax cr$it = tribal area inve/m5ts 7a7 ,additional allocations = tribal area 7#a7 ,9 g5]al ,section #de;,d7f7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#d7 ,additional allocations = tribal area inve/m5ts 7,a7 ,9 g5]al ,9 ! case ( ea* cal5d> ye> aft] #bjbf1 !re is 79 addition to any limitation "u any o!r p>agraph ( ?is subsection7 a new m>kets tribal area tax cr$it limitation ( #age1jjj1jjj :i* %all be allocat$ by ! ,secret>y z provid$ 9 p>agraph 7#b7 except-- 7i7 t su* allocation %all only be allocat$ ) respect to qualifi$ tribal area inve/m5ts1 & 7ii7 9 addition to ! priorities describ$ 9 p>agraph 7#b71 ! ,secret>y may give priority to any entity ) a record ( hav+ successfully provid$ capital or te*nical assi/ance 9 tribal /ati/ical areas4 7,b7 ,c>ryov] ( unus$ new m>kets tribal area tax cr$it limitation 7i7 ,9 g5]al ,if ! new m>kets tribal area tax cr$it limitation "u subp>agraph 7,a7 = any cal5d> ye> exce$s ! am\nt ( su* limitation allocat$ by ! ,secret>y = su* cal5d> ye>1 su* limitation = ! succe$+ cal5d> ye> %all be increas$ by ! am\nt ( su* excess4 7ii7 ,limitation on c>ryov] ,no am\nt ( new m>kets tribal area tax cr$it limitation may be c>ri$ "u clause 7i7 pa/ ! #e? cal5d> ye> foll[+ ! cal5d> ye> 9 :i* su* am\nt ( new m>kets tribal area tax cr$it limitation arose4 7iii7 ,transf] ( expir$ new m>kets tribal area tax cr$it limitation to g5]al limitation ,9 ! case ( any am\nt ( new m>kets tribal area tax cr$it limitation :i* w\ld 7b = clause 7ii77 be c>ri$ "u clause 7i7 to ! #f? cal5d> ye> foll[+ ! cal5d> ye> 9 :i* su* am\nt ( new m>kets tribal area cr$it limitation arose1 ! new m>ket tax cr$it limitation "u p>agraph 7#a7 = su* #f? cal5d> ye> %all be increas$ by ! am\nt ( su* new m>kets tribal area tax cr$it limitation4 7,c7 ,allocations re/rict$ to qualifi$ tribal area inve/m5ts ,= purposes ( ?is section-- 7i7 subsection 7b77#b7 %all be appli$ sep>ately ) respect to ! new m>kets tax cr$it limitation "u p>agraph 7#a7 & ! new m>kets tribal area tax cr$it limitation "u ?is p>agraph1 7ii7 any designation "u subsection 7b77#a77;,c7 %all indicate ! s\rce & am\nt ( ! limitation to :i* su* designation relates1 & 7iii7 9 ! case ( any inve/m5t :i* is designat$ "u subsection 7b77#a77;,c7 us+ am\nts ( ! new m>ket tribal area tax cr$it limitation allocat$ "u ?is p>agraph1 subsection 7b77#a77;,b7 %all be appli$ by sub/itut+ qualifi$ tribal area inve/m5ts = qualifi$ l[-income community inve/m5ts4 7,d7 ,qualifi$ tribal area inve/m5ts ,= purposes ( ?is p>agraph1 ! t]m qualifi$ tribal area inve/m5t means-- 7i7 any capital or equity inve/m5t 91 or loan to1 any qualifi$ active tribal community bus9ess1 7ii7 ! pur*ase f ano!r community developm5t entity ( any loan made by su* entity :i* is a qualifi$ tribal area inve/m5t1 7iii7 f9ancial c\nsel+ & o!r s]vices specifi$ 9 regulations prescrib$ by ! ,secret>y to bus9esses locat$ 91 & resid5ts (1 tribal /ati/ical areas1 & 7iv7 any equity inve/m5t 91 or loan to1 any qualifi$ community developm5t entity if sub/antially all ( ! proce$s ( su* inve/m5t or loan are us$ by su* qualifi$ community developm5t entity to make qualifi$ tribal area inve/m5ts4 7,e7 ,qualifi$ active tribal community bus9ess ,= purposes ( ?is p>agraph-- 7i7 ,9 g5]al ,! t]m qualifi$ active tribal community bus9ess has ! mean+ :i* w\ld be giv5 ! t]m qualifi$ active l[-income community bus9ess "u subsection 7d77#b7 if tribal /ati/ical area 7 sub/itut$ = l[-income community ea* place x appe>s !re94 7ii7 ,inclusion ( c]ta9 qualifi$ active l[-income community bus9esses :i* s]ve tribal areas ,! t]m qualifi$ active tribal community bus9ess includes any qualifi$ active l[-income community bus9ess :i*-- 7,i7 provides good or s]vices to a significant population ( ,tribal1 ,alaska ,native village1 or ,native ,hawaiian community memb]s1 :o are resid5ts ( a tribal /ati/ical area1 & 7,,ii7 obta9s a writt5 /atem5t f "o or m relevant ,indian tribal gov]nm5ts 7z def9$ 9 section #ghga7;b77#d77;,a77 7or1 9 ! case ( ,native ,hawaiian community memb]s1 ! ,dep>tm5t ( ,hawaiian ,home ,l&s1 z def9$ 9 section #hja ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self-,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dbba77 t docum5ts ! eligibility ( su* qualifi$ active l[-income community bus9ess ) respect to ! requirem5t ( subclause 7,i74 7,f7 ,tribal /ati/ical area ,= purposes ( ?is p>agraph1 ! t]m tribal /ati/ical area means any l[-income community :i* is locat$ 9 any area det]m9$ by ! ,secret>y1 aft] consultation ) ! ,bureau ( ! ,c5sus1 z a ,tribal ,c5sus ,tract1 ,oklahoma ,tribal ,/ati/ical ,area1 ,tribal-,designat$ ,/ati/ical ,area1 ,alaska ,native ,village ,/ati/ical ,area1 or ,hawaiian ,home ,l&s4 4 7#b7 ,effective date ,! am5dm5t made by ?is subsection %all apply to new m>kets tribal area tax cr$it limitation det]m9$ = cal5d> ye>s aft] ,decemb] #ca1 #bjbf4 7b7 ,educational & te*nical assi/ance relat$ to qualifi$ tribal area inve/m5ts ,section #de;,d ( su* ,code is am5d$ by r$esignat+ subsection 7i7 z subsection 7j7 & by ins]t+ aft] subsection 7h7 ! foll[+ new subsection3 7i7 ,education & te*nical assi/ance relat$ to inve/m5ts ) respect to tribal /ati/ical areas ,n lat] ?an #ahj days aft] ! date ( ! enactm5t ( ?is p>agraph1 ! ,secret>y1 aft] consultation ) ! ,(fice ( ,tribal & ,native ,affairs1 ! ,community ,developm5t ,f9ancial ,in/itutions ,fund1 & o!r appropriate ,f$]al ag5cies1 %all e/abli% a program to provide educational & te*nical assi/ance to qualifi$ community developm5t entities ) respect to-- 7#a7 applications =1 & ! appropriate use (-- 7,a7 new m>kets tribal area tax cr$it limitation1 & 7,b7 new m>kets tax cr$it limitation ) respect to inve/m5ts ) respect to tribal /ati/ical areas1 & 7#b7 9 ! case ( any qualifi$ community developm5t entity :i* has be5 allocat$ limitation describ$ 9 subp>agraph 7,a7 or 7,b7 ( p>agraph 7#a71 te*nical issues specifically associat$ ) inve/m5ts ) respect to tribal /ati/ical areas4 4 #g4 ,inclusion ( ,indian areas z difficult developm5t areas = purposes ( c]ta9 build+s 7a7 ,9 g5]al ,subclause 7,i7 ( section #db7;d77#e77;,b77iii7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ be=e ! p]iod ! foll[+3 1 & any ,indian area4 7b7 ,indian area ,clause 7iii7 ( section #db7;d77#e77;,b7 ( su* ,code is am5d$ by r$esignat+ subclause 7,,ii7 z subclause 7,,iv7 & by ins]t+ aft] subclause 7,i7 ! foll[+ new subclauses3 7,,ii7 ,indian area ,= purposes ( subclause 7,i71 ! t]m ,indian area means any ,indian area 7z def9$ 9 section #d7aa7 ( ! ,native ,am]ican ,h\s+ ,assi/ance & ,self ,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #dajc7aa7774 7,,iii7 ,special rule = build+s 9 ,indian areas ,9 ! case ( an area :i* is a difficult developm5t area solely because x is an ,indian area1 a build+ %all n be treat$ z locat$ 9 su* area unless su* build+ is assi/$ or f9anc$ "u ! ,native ,am]ican ,h\s+ ,assi/ance & ,self ,det]m9ation ,act ( #aiif 7#be ,u4,s4,c4 #daja et seq47 or ! project sponsor is an ,indian ,tribe 7z def9$ 9 section #de;,a7c77#f771 a tribally designat$ h\s+ entity 7z def9$ 9 section #d7bb7 ( su* ,act 7#be ,u4,s4,c4 #dajc7bb7771 or :olly own$ or controll$ by su* an ,indian ,tribe or tribally designat$ h\s+ entity4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to build+s plac$ 9 s]vice aft] ,decemb] #ca1 #bjbf4 #h4 ,tribal g5]al welf>e & tru/ programs cl>ification 7a7 ,9 g5]al ,section #afab7;b7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #achb;a7b77 is am5d$ by /rik+ 2 & at ! end ( p>agraph 7#be71 by /rik+ ! p]iod at ! end ( p>agraph 7#bf7 & ins]t+ 2 &1 & by add+ at ! end ! foll[+ new p>agraph3 7#bg7 any ,indian g5]al welf>e b5efit 7z def9$ 9 section #aci;,e ( ! ,int]nal ,rev5ue ,code ( #aihf74 4 7b7 ,exclusion f res\rces ,section #afac7;a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #achb;b7a77 is am5d$ by /rik+ 2 & at ! end ( p>agraph 7#af7 & by ins]t+ aft] p>agraph 7#ag7 ! foll[+ new p>agraphs3 7#ah7 = ! #i-mon? p]iod beg9n+ aft] ! mon? 9 :i* receiv$1 any ,indian g5]al welf>e b5efit 7)9 ! mean+ ( section #aci;,e ( ! ,int]nal ,rev5ue ,code ( #aihf72 & 7#ai7 any grantor tru/ e/abli%$ by an ,indian tribe = ! b5efit ( ,indians & = :i* ! ,indian tribe is ! grantor 7)9 ! mean+ ( subp>t ,e ( "p #a ( sub*apt] ,j ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf74 4 #i4 ,indian employm5t tax cr$it 7a7 ,ext5sion ,section #de;,a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ subsection 7f74 7b7 ,modification ( det]m9ation ( am\nt ( cr$it ,p>agraph 7#b7 ( section #de;,a7a7 ( su* ,code is am5d$ to read z foll[s3 7#b7 ! quoti5t (-- 7,a7 ! sum ( ! qualifi$ wages & qualifi$ employee heal? insurance co/s :i* 7 paid or incurr$ by ! employ] 7or any pr$ecessor7 dur+ ! two mo/ rec5t cal5d> ye>s end+ be=e ! beg9n+ ( su* taxable ye>1 divid$ by 7,b7 #b4 4 7c7 ,increas$ limitation ,section #de;,a7b77#c7 ( su* ,code is am5d$ by /rik+ #bj1jjj & ins]t+ #cj1jjj4 7d7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbf4 #aj4 ,exclusion f gross income = paym5ts "u ,indian heal? s]vice loan repaym5t program 7a7 ,9 g5]al ,p>agraph 7#d7 ( section #ajh7;f7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ "u section #ajh ( ! ,indian ,heal? ,c>e ,improvem5t ,act1 aft] #cch;,i ( su* ,act14 7b7 ,cl]ical am5dm5t ,! head+ = section #ajh7;f77#d7 ( su* ,code is am5d$ by ins]t+ 1 ,indian heal? s]vice loan repaym5t program1 be=e & c]ta94 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to paym5ts made aft] ! date ( ! enactm5t ( ?is ,act4 #aa4 ,exclusion ( c]ta9 am\nts receiv$ "u ,indian ,heal? ,pr(essions ,s*ol>%ips ,program 7a7 ,9 g5]al ,p>agraph 7#b7 ( section #aag7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ or at ! end ( subp>agraph 7,b71 by /rik+ ! p]iod at ! end ( subp>agraph 7,c7 & ins]t+ 1 or1 & by add+ at ! end ! foll[+ new subp>agraph3 7,d7 ! ,indian ,heal? ,pr(essions ,s*ol>%ips ,program "u section #ajd ( ! ,indian ,heal? ,c>e ,improvem5t ,act4 4 7b7 ,effective date ,! am5dm5t made by subsection 7a7 %all apply to am\nts receiv$ 9 taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjbf4