U.S. CONGRESS – U.S. Senator Steve Daines and Congressman Greg Gianforte reintroduced legislation to permanently extend the Indian Coal Production Tax Credit (ICPTC).
“This is about bringing economic opportunity and jobs to Indian country” Daines said. “This tax credit will create good, high paying jobs, generate vital local tax revenue to support essential services, and promote tribal self-determination and energy independence.”
“The Indian Coal Production Tax Credit benefits the Crow Tribe, its members, and the people of Montana,” said Gianforte. “I am proud to introduce legislation to permanently extend the tax credit, support tribal development, and help strengthen Montana’s economy with good-paying coal industry jobs.”
The ICPTC provides a crucial tax incentive to level the playing field for future development of tribal coal resources that are currently subject to more regulatory requirements than comparable development on private, state or federal lands. ICPTC credit protects the economic viability of existing tribal coal mining projects, which support much-needed tribal jobs and provide a major source of non-federal revenue for coal-producing tribes.
To download text of the bill, click HERE.
Statements of Support:
“I write to support your efforts to introduce legislation that would make the ICPTC permanent. The Crow Nation appreciates your dedication to this important issue.” Crow Tribe Executive Branch, Chairman A.J. Not Afraid. To download the full letter, click HERE.
“The Indian Coal Production Tax Credit is an important and key tool to support natural resource development and wealth creation in Indian Country. We applaud Senator Daines for his continued leadership and championing of Indian Country, our people and communities, our economic and natural resource development, and his efforts to help to provide solutions for many of our pressing issues. Again we thank Senator Daines for introducing this very important legislation.” Daniel Cardenas, Chairman of the Board, National Tribal Energy Association
Background:
Daines has been a staunch supporter for energy independence in Indian country since he came to Congress.
On April 27th, 2017, Daines reintroduced legislation to permanently extend the ICPTC.
On May 18th, 2015, Daines introduced legislation to permanently extend the ICPTC.
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