SC Alaska News

U.S. Senators Catherine Cortez Masto and Lisa Murkowski have introduced a bipartisan bill aimed at ensuring tax parity for Tribes, aligning their benefits with those of local and state governments. The proposed legislation seeks to update the federal tax code, removing what are described as unfair tax burdens on Native American communities. This change is expected to create jobs, encourage local investment, and support businesses in Indian Country.

Senator Cortez Masto emphasized the need for Tribes to access tools similar to those available to state and local governments, aiming to bolster community strength and business services such as health, housing, and education. "Our bill makes commonsense updates to the tax code to ensure fairness," she stated.

Senator Murkowski highlighted the long-standing limitations faced by Native communities due to existing tax rules. She noted that the Tribal Tax and Investment Reform Act would enhance Tribal governments' use of housing tax credits and improve their ability to issue tax-exempt bonds. "Together, we have an opportunity to empower Tribal nations," Murkowski said.

Kristina Woolston from Old Harbor Native Corporation expressed support for the bill's potential impact on economic growth in Indian Country. NAFOA Board President Rodney Butler praised the legislation as a modernizing effort that recognizes Tribal sovereignty while urging swift congressional action.

Cory Blankenship of NAFOA also voiced appreciation for the senators' efforts in addressing barriers related to capital, workforce, and infrastructure development within Tribal communities.

The legislation aims at creating parity between Tribal entities and other governmental bodies through changes in federal tax policy.