H.R. 3524: Settlement Trust Improvement Act of 2017
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H.R. 3524: Settlement Trust Improvement Act of 2017
115th Congress · introduced 2017-07-27 · Taxation · Latest: Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs.
federal
Follow this bill, step by step
- Where it came from: introduced 2017-07-27 · official record
- Who proposed it: Rep. Young, Don [R-AK-At Large] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Referred to the Subcommittee on Indian, Insular and Alaska Native Affairs. Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
Settlement Trust Improvement Act of 2017
Plain summary
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.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
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A “Nay” vote
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What does this mean? (plain words)
Official text
Settlement Trust Improvement Act of 2017
Source: Congressional Research Service summary (Introduced in House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Young, Don [R-AK-At Large] · 2 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Robert E. Latta (R-OH)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (1)
- Bill
- A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr3524.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>
Record fed-us-cong115-hr3524 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115