Data / Federal rules / 2024-23142
Entities Wholly Owned by Indian Tribal Governments
The Internal Revenue Service published this proposed rule in the Federal Register on October 9, 2024. Comments closed on January 7, 2025.
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What the agency says
This document contains proposed regulations regarding the Federal tax classification of entities wholly owned by Indian Tribal governments (Tribes). The proposed regulations would provide that entities that are wholly owned by Tribes and organized or incorporated exclusively under the laws of the Tribes that own them generally are not recognized as separate entities for Federal tax purposes. The proposed regulations would also provide that, for purposes of making certain elective payment elections (including determining eligibility for and the consequences of such elections) for certain energy credits under the Inflation Reduction Act of 2022, these entities and certain Tribal corporations chartered by the Department of the Interior (DOI) are treated as an instrumentality of one or more Indian Tribal governments or subdivisions thereof. This document also requests comments and provides notice of a public hearing on the proposed regulations that will be in addition to Tribal consultation on the proposed regulations.
Key facts
- Document number
- 2024-23142
- Type
- Proposed rule
- Action
- Notice of proposed rulemaking and notice of public hearing
- Agency
- Treasury Department; Internal Revenue Service
- Published
- October 9, 2024
- Comments due
- January 7, 2025
- Dates
- Comments: Electronic or written comments on this proposed rule from the public must be received by January 7, 2025.
- Docket
- REG-113628-21
- Regulation ID (RIN)
- 1545-BQ13
- Code of Federal Regulations
- 26 CFR 1; 26 CFR 301
- Topics
- Income taxes; Reporting and recordkeeping requirements
- Pages
- 8
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Everything from the Internal Revenue Service · Rules on income taxes · Rules on reporting and recordkeeping requirements · Published in October 2024
Read from the Federal Register API, last updated 2026-10-23. The document on federalregister.gov is the official record; dates and dockets can change through later corrections. Free to reuse with credit to SpecStream under CC BY 4.0.