Alaska Native corporations are eligible for a share of $8 billion in pandemic relief funding allocated to tribal governments because they qualify as Indian tribes when it comes to the funding, the U.S. Supreme Court ruled.
Several federally-recognized tribes challenged the Treasury Department’s announcement that the Alaskan for-profit, state-chartered corporations would be eligible for the funds prescribed under the March 2020 pandemic aid law known as the CARES Act (Public Law 116-136). The U.S. Supreme Court’s Friday ruling reverses a decision from the U.S. Court of Appeals for the District of Columbia Circuit, which rejected conclusions from ...
Learn more about Bloomberg Tax or Log In to keep reading:
Learn About Bloomberg Tax
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools.