Article: INDIAN ECONOMIC DEVELOPMENT:CHUCK GRASSLEY


Congressional Testimony
07-22-2008
Statement of Chuck Grassley Ranking Member, Senate Finance Committee Committee
on Senate Finance July 22, 2008 Mr. Chairman, I want to start out by thanking
you for holding this hearing. It is important to understand the impact
of tax incentives on the economic development of Indian country. The Internal
Revenue Code includes specific incentives to promote investment in Indian
country, such as the Indian employment tax credit and accelerated depreciation
for business property placed on Indian reservations. The Indian employment
tax credit and accelerated depreciation expired at the end of 2007. Just
as with any tax incentive, certainty of tax treatment for ...

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