90 STAT. 2504 Income tax, exemption.
Rules and regulations.
PUBLIC LAW 94-540—OCT. 18, 1976 SEC. 6. None of the funds distributed per capita or held in trust under the provisions of this Act shall be subject to Federal or State income taxes, nor shall such funds or their availability be considered as income or other resources or otherwise utilized as the basis for denying or reducing the financial assistance or other benefits to which such household or member would otherwise be entitled to under the Social Security Act or any other Federal or federally assisted program. SEC. 7. The Secretary of the Interior is authorized to prescribe rules and regulations to carry out the provisions of this Act. Approved October 18, 1976.
LEGISLATIVE HISTORY: SENATE REPORT No. 94-577 (Comm. on Interior and Insular Affairs). CONGRESSIONAL RECORD: Vol. 121 (1975): Dec. 19, considered and passed Senate. Vol. 122 (1976): Oct. 1, considered and passed House.
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