Bill > HR7705

This bill, the "Tribal Tax and Investment Reform Act of 2026," aims to treat Indian Tribal Governments similarly to State governments for certain federal tax purposes, recognizing their inherent sovereign authority and addressing historic disadvantages. Key provisions include allowing Indian Tribal Governments to issue tax-exempt bonds with a national volume cap, similar to states, for infrastructure and development projects, though with restrictions on financing certain gaming facilities. It also clarifies that pension and employee benefit plans maintained by Tribal Governments are treated as governmental plans, ensuring consistent protections and fiduciary standards for tribal pension plans, and extends tax benefits to tribal foundations and charities. Furthermore, the bill introduces a New Markets Tax Credit specifically for investments in tribal areas, designates Indian areas as difficult development areas for certain building projects, clarifies the tax treatment of tribal general welfare and trust programs, enhances the Indian Employment Tax Credit, and excludes certain payments and scholarship amounts related to Indian health programs from taxable income.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/7705/all-info