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HR 2359 106th Congress House Taxation Alaska Income tax Indian claims Indian lands Law Minorities Personal income tax Tax exclusion Tax returns Tax-exempt organizations Trusts and trustees Withholding tax

Alaska Native Claims Settlement Act Settlement Trusts Remedial Tax Act of 1999

Introduced: June 24, 1999 See on congress.gov
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 24, 1999
Referred to the House Committee on Ways and Means.
Jun 24, 1999
Introduced in House
Jun 24, 1999
Sponsor introductory remarks on measure. (CR E1393-1394)
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 Plain-English summary Congressional Research Service
Alaska Native Claims Settlement Act Settlement Trusts Remedial Tax Act of 1999 - Amends the Internal Revenue Code with respect to the tax treatment of Settlement Trusts established under the Alaska Native Claims Settlement Act.

Exempts from income taxation any such Settlement Trust electing coverage by this Act. Declares that for an electing trust: (1) no amount shall be includible in the gross income of a Settlement Trust beneficiary by reason of a contribution to the Settlement Trust during such taxable year; and (2) the ordinary requirements for taxation of trusts and beneficiaries shall not apply.

Requires an electing trust to distribute at least 55 percent of its adjusted taxable income each taxable year. Imposes a tax on a trust, in the amount of the failure, if the distribution is insufficient.

Includes in the beneficiary's gross income, as ordinary income, any distribution from an electing trust (only when the actual distribution is received). Provides that distributions from the trust will be taxable as ordinary income even if the distribution represents a return of capital. Requires tax withholding on trust distributions over a certain amount.

What's happening now June 24, 1999

Referred to the House Committee on Ways and Means.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 4
D
Pallone, Frank
New Jersey · Jun 24, 1999
 D
Pelosi, Nancy
California · Jun 24, 1999
 D
Smith, Adam
Washington · Jun 24, 1999
 D
Waters, Maxine
California · Jun 24, 1999
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2359: Alaska Native Claims Settlement Act Settlement Trusts Remedial Tax Act of 1999. 106th Congress. Open America. https://openamerica.io/bill/106-HR-2359/
MLA
"H.R. 2359: Alaska Native Claims Settlement Act Settlement Trusts Remedial Tax Act of 1999." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-2359/.
Bluebook (legal)
H.R. 2359, 106th Cong. (2026), https://openamerica.io/bill/106-HR-2359/.
Markdown link
[H.R. 2359: Alaska Native Claims Settlement Act Settlement Trusts Remedial Tax Act of 1999](https://openamerica.io/bill/106-HR-2359/)
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