legislation: 108-s-1542

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bill_id congress bill_type bill_number title policy_area introduced_date latest_action_date latest_action_text origin_chamber sponsor_name sponsor_state sponsor_party sponsor_bioguide_id cosponsor_count summary_text update_date url
108-s-1542 108 s 1542 Tribal Economic Enhancement Act of 2003 Native Americans 2003-07-31 2003-07-31 Read twice and referred to the Committee on Finance. Senate Sen. Johnson, Tim [D-SD] SD D J000177 0 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. 2023-01-15T06:17:46Z  

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