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HR 1692 107th Congress House

To amend the Internal Revenue Code of 1986 to simplify and make more equitable the tax treatment of Settlement Trusts established pursuant to the Alaska Native Claims Settlement Act.

Introduced: May 2, 2001 See on congress.gov
Taxation AlaskaCapital gains taxFinance and Financial SectorIncome tax
More subjectsShow fewer subjects
Indian claimsIndian landsLawLossesMinoritiesPersonal income taxStocksTax exclusionTax ratesTax returnsTrusts and trustees
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This bill died when the 107th Congress ended
It never became law before the 107th Congress (2001–2002) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 22, 2001
Sponsor introductory remarks on measure. (CR E888)
May 3, 2001
Sponsor introductory remarks on measure. (CR E725)
May 2, 2001
Referred to the House Committee on Ways and Means.
May 2, 2001
Introduced in House
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 Latest action May 22, 2001

Sponsor introductory remarks on measure. (CR E888)

 Plain-English summary Congressional Research Service
Amends the Internal Revenue Code (IRC) to impose on an electing Alaska Native Settlement Trust, other than its net capital gain, the lowest rate of tax imposed by section one of the IRC (currently, 15 percent). Provides that in the case of an electing Settlement Trust with a net capital gain for the taxable year, a tax is imposed on such gain at the rate of tax which would apply to such gain if the taxpayer were subject to a tax on its other taxable income at only the lowest rate. Provides for the tax treatment of distributions to beneficiaries. Sets forth information reporting requirements.
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 5
All 5 Democratic 1
Faleomavaega, Eni
· May 2, 2001
FROST, MARTIN
· May 2, 2001
HOUGHTON, AMO
· May 2, 2001
MCINNIS, SCOTT
· May 2, 2001
 D
Pallone, Frank
New Jersey · May 2, 2001
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1692: To amend the Internal Revenue Code of 1986 to simplify and make more equitable the tax treatment of Settlement Trusts established pursuant to the Alaska Native Claims Settlement Act.. 107th Congress. Open America. https://openamerica.io/bill/107-HR-1692/
MLA
"H.R. 1692: To amend the Internal Revenue Code of 1986 to simplify and make more equitable the tax treatment of Settlement Trusts established pursuant to the Alaska Native Claims Settlement Act.." 107th Congress, 2026, Open America, https://openamerica.io/bill/107-HR-1692/.
Bluebook (legal)
H.R. 1692, 107th Cong. (2026), https://openamerica.io/bill/107-HR-1692/.
Markdown link
[H.R. 1692: To amend the Internal Revenue Code of 1986 to simplify and make more equitable the tax treatment of Settlement Trusts established pursuant to the Alaska Native Claims Settlement Act.](https://openamerica.io/bill/107-HR-1692/)
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