WASHINGTON, Dec. 16 -- Internal Revenue Service has issued a rule called: Tribal General Welfare Benefits.
The rule was published in the Federal Register on Dec. 16 by Frank J. Bisignano, Chief Executive Officer.
Summary: This document contains final regulations regarding the exclusion from gross income of certain Tribal general welfare benefits. The regulations address the requirements that apply to determine whether the benefits an Indian Tribal government program provides qualify as Tribal general welfare benefits. These regulations affect Indian Tribal governments, agencies or instrumentalities of such governments, Federally recognized Tribes, members of such Tribes, such members' spouses and dependents, and other Tribal program parti...