(January 16, 2024) — The deadline for Tribal consultation comments on the Dear Tribal Leader Letter on the Notice of Proposed Rulemaking entitled “Entities Wholly Owned by Indian Tribal Governments” (REG-113628-21) is Tuesday, January 21st, 2025 at 11:59 p.m. Alaska Time. Comments can be submitted via email to tribal.consult@treasury.gov.
NAFOA has prepared a template support letter to assist tribes in submitting comments on the proposed regulations, which seek to clarify the federal income tax status of wholly owned Tribally chartered entities and expand access to clean energy tax credits. The template highlights key provisions, including the removal of restrictive “integral part” tests, and a call for additional guidance on subsidiary and partially owned entities.