net proceeds

(iii)The term “net proceeds” has the meaning given such term by section 150(a)(3). (d)For the purposes specified in subsection (a), a subdivision of an Indian tribal government shall be treated as a political subdivision of a State if (and only if) the Secretary determines (after consultation with the Secretary of the Interior) that such subdivision has been delegated the right to exercise one or more of the substantial governmental functions of the Indian tribal government.

Source

26 USC § 7871(c)(3)(E)(iii)


Scoping language

For purposes of this paragraph
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