NPRM: Tribal General Welfare Act Proposed Rule

The U.S. Department of the Treasury will host Tribal consultations on a Notice of Proposed Rulemaking (NPRM) entitled “Tribal General Benefits” on November 18, 19, and 20, 2024, from 1:00 – 4:00 p.m. ET. The proposed rule would implement section 139E of the Internal Revenue Code relating to Tribal general welfare benefits pursuant to the Tribal General Welfare Exclusion Act of 2014. Under section 139E, Tribal general welfare benefits are excluded from a recipient’s gross income for Federal income tax purposes.