IRS Gives Authority to Indian Triable Governments to Issue Tribal Economic Bonds

On February 12, 2010, the Internal Revenue Service released the following message for tax professionals:

The U.S. Department of the Treasury and the Internal Revenue Service recently announced the allocation of a second round of authority to Indian tribal governments to issue Tribal Economic Development Bonds under the American Recovery and Reinvestment Act of 2009 (ARRA).

Posted by Joshua Hock, Associate Editor, Wealth Strategies Journal