Important Per-Capita Tax Information
To the Members of the Nez Perce Tribe:
The Nez Perce Tribe has received notice from the Internal Revenue Service
(IRS) regarding the recent Judgment award distribution. The IRS has
decided not to tax your per-capita as income. Thereupon you will not
be required to pay taxes on your disbursement. However, the IRS also
made clear that any interest earned on your
per-capita will be taxable as income.
NPTEC and the Office of Legal Counsel had consulted with the IRS requesting
to not tax these per-capita payments and over the last several months, NPTEC
along with other tribal leaders achieved this successful outcome through
careful planning, teamwork and diplomacy.
IRS Guidance on NON Taxability on Per-Capita
Message - Tribal Trust Accounting and Management Settlement