S. 1542 · 108th Congress
Tribal Economic Enhancement Act of 2003
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Never voted on. It didn't reach a floor vote before the 108th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
D
JohnsonSponsorNo cosponsors.
Tribal Economic Enhancement Act of 2003 - Amends the Internal Revenue Code to: (1) permit certain Indian governments or subdivisions to make the subchapter S (small business) election; (2) permit tax exemption for interest from tribal bonds; (3) exempt from volume cap limits any qualified bond of an Indian tribal government; (4) modify requirements…
What it does: CRS summary · Introduced in Senate · Jul 31, 2003
Tribal Economic Enhancement Act of 2003 - Amends the Internal Revenue Code to: (1) permit certain Indian governments or subdivisions to make the subchapter S (small business) election; (2) permit tax exemption for interest from tribal bonds; (3) exempt from volume cap limits any qualified bond of an Indian tribal government; (4) modify requirements concerning the authority of tribal governments to issue tax-exempt bonds; (5) require consideration of Indian housing waiting lists for low-income housing credit allocations; and (6) provide for an Indian set-aside for the new markets tax credit.
Savings for Working Families Act of 2003 - States as a purpose of this Act to provide for the establishment of individual development account programs that will provide individuals and families with limited means an opportunity to accumulate assets and to enter the financial mainstream. Provides procedures for opening and maintaining such an account and qualifying for matching funds.
Amends Federal law concerning national banks to permit the establishment of de novo branches on Indian lands.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Tribal Economic Enhancement Act of 2003
Latest action (Jul 31, 2003): Read twice and referred to the Committee on Finance.
Policy area: Native Americans · Origin: Senate · Introduced: Jul 31, 2003
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.