H.R. 1381

To amend the Internal Revenue Code of 1986 to permanently extend existing elective tax treatment for Alaska Native Settlement Trusts.

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I

111th CONGRESS

1st Session

H. R. 1381

IN THE HOUSE OF REPRESENTATIVES

March 6, 2009

Mr. Young of Alaska introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To amend the Internal Revenue Code of 1986 to permanently extend existing elective tax treatment for Alaska Native Settlement Trusts.

1.

Permanent extension of elective tax treatment for Alaska Native Settlement Trusts

(a)

In general

Section 901 of the Economic Growth and Tax Relief Reconciliation Act of 2001 (relating to sunset provisions) shall not apply to the provisions of, and amendments made by, section 671 of such Act (relating to tax treatment and information requirements of Alaska Native Settlement Trusts).

(b)

Effective date

The amendments made by this section shall be effective upon the date of enactment of this Act.