Source: https://www.law.cornell.edu/uscode/text/25/1407
Timestamp: 2019-07-20 13:42:23
Document Index: 225220129

Matched Legal Cases: ['§ 1407', '§\u202f1407', '§\u202f7', '§\u202f4', '§\u202f818', '§\u202f2']

25 U.S. Code § 1407 - Tax exemption; resources exemption limitation | U.S. Code | US Law | LII / Legal Information Institute
Chapter 16. DISTRIBUTION OF JUDGMENT FUNDS
Section 1407. Tax exemption; resources exemption limitation
25 U.S. Code § 1407. Tax exemption; resources exemption limitation
None of the funds which—
are distributed per capita or held in trust pursuant to a plan approved under the provisions of this chapter, or [1]
on January 12, 1983, are to be distributed per capita or are held in trust pursuant to a plan approved by the Congress prior to January 12, 1983,
were distributed pursuant to a plan approved by Congress after December 31, 1981 but prior to January 12, 1983, and any purchases made with such funds, or
are paid by the State of Minnesota to the Bois Forte Band of Chippewa Indians or the Grand Portage Band of Lake Superior Chippewa Indians, or both, pursuant to the agreements of each Band to voluntarily restrict tribal rights to hunt and fish in territory cede [2] under the Treaty of September 30, 1854 (10 Stat. 1109), including all interest accrued on such funds during any period in which such funds are held in a minor’s trust,
(Pub. L. 93–134, § 7, Oct. 19, 1973, 87 Stat. 468; Pub. L. 97–458, § 4, Jan. 12, 1983, 96 Stat. 2513; Pub. L. 106–568, title VIII, § 818, Dec. 27, 2000, 114 Stat. 2918; Pub. L. 113–290, § 2, Dec. 19, 2014, 128 Stat. 3291.)
2014—Par. (4). Pub. L. 113–290 substituted “or the Grand Portage Band of Lake Superior Chippewa Indians, or both, pursuant to the agreements of each Band” for “pursuant to the agreements of such Band”.
2000—Par. (4). Pub. L. 106–568 added par. (4).
1983—Pub. L. 97–458 amended section generally. Prior to amendment, section read as follows: “None of the funds distributed per capita or held in trust under the provisions of this chapter shall be subject to Federal or State income taxes, and the per capita payments shall not be considered as income or resources when determining the extent of eligibility for assistance under the Social Security Act”.
[2]  So in original. Probably should be “ceded”.