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S 1698 115th Congress Senate

Settlement Trust Improvement Act of 2017

Official title: A bill to amend the Internal Revenue Code of 1986 to clarify the treatment of contributions to Alaska Native Settlement Trusts, and for other purposes.

Introduced: August 1, 2017 Introduced by: Murkowski, Lisa Republican · Alaska See on congress.gov
Taxation Alaska Natives and HawaiiansIncome tax deductionsIncome tax exclusionIndian claims
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Aug 1, 2017
Read twice and referred to the Committee on Finance.
Aug 1, 2017
Introduced in Senate
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 Latest action August 1, 2017

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Settlement Trust Improvement Act of 2017

This bill amends the Internal Revenue Code, with respect to the tax treatment of Alaska Native Settlement Trusts, to: (1) allow an Alaska Native Corporation to assign certain payments referenced in the Alaska Native Claims Settlement Act to a trust without including the payments in the gross income of the corporation, (2) allow the corporation to elect annually to deduct contributions made to a trust, (3) allow a trust to elect to defer the recognition of gains related to contributions of property other than cash until the sale or exchange of the property, and (4) establish information reporting requirements for deductible contributions to a trust.

 Related & companion bills 2
  • HR 3524 Identical bill Settlement Trust Improvement Act of 2017
  • S 1 Related bill An original bill to provide for reconciliation pursuant to title II of the concurrent resolution on the budget for fisc…
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Sullivan, Dan
Alaska · Aug 1, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1698: Settlement Trust Improvement Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-S-1698/
MLA
"S. 1698: Settlement Trust Improvement Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-1698/.
Bluebook (legal)
S. 1698, 115th Cong. (2026), https://openamerica.io/bill/115-S-1698/.
Markdown link
[S. 1698: Settlement Trust Improvement Act of 2017](https://openamerica.io/bill/115-S-1698/)
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