26 U.S. Code § 6039H - Information with respect to Alaska Native Settlement Trusts and Native Corporations
The fiduciary of an electing Settlement Trust (as defined in section 646(h)(1)) shall include with the return of income of the trust a statement containing the information required under subsection (c).
The filing of any statement under this section shall be in lieu of the reporting requirements under section 6034A to furnish any statement to a beneficiary regarding amounts distributed to such beneficiary (and such other reporting rules as the Secretary deems appropriate).
Any Native Corporation (as defined in subsection (m) of section 3 of the Alaska Native Claims Settlement Act (43 U.S.C. 1602(m))) which has made a contribution to a Settlement Trust (as defined in subsection (t) of such section) to which an election under subsection (e) of section 247 applies shall provide such Settlement Trust with a statement regarding such election not later than January 31 of the calendar year subsequent to the calendar year in which the contribution was made.
2017—Pub. L. 115–97, § 13821(c)(1)(A), struck out “sponsoring” before “Native Corporations” in section catchline.
Subsec. (e). Pub. L. 115–97, § 13821(c)(1)(B), added subsec. (e).
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