The Importance of Being Interest: Why a State Cannot Impose its Income Tax on Tribal Bonds

Taylor, Scott

Abstract

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The Importance of Being Interest: Why a State Cannot Impose its Income Tax on Tribal Bonds

Scott A. Taylor

University of St. Thomas - School of Law (Minnesota)

May 7, 2009

Akron Tax Journal, Vol. 25, p. 123, 2010)
U of St. Thomas Legal Studies Research Paper No. 09-11

Abstract:
The exercise of a state power in a way that adversely impacts the sovereignty of a federally recognized Indian tribe has been a matter of serious concern to the United States Supreme Court since the early 19th century. The limit of a state’s power to tax tribes is very often the subject of this judicial concern. In this article, I examine the reasons why states cannot impose their income taxes on interest that investors earn on tribal bonds.

Number of Pages in PDF File: 58

Keywords: tax, income tax, tax and interest, Indian law, Native American sovereignty, Indian tax law

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Date posted: May 8, 2009 ; Last revised: October 15, 2010

Suggested Citation

Taylor, Scott A., The Importance of Being Interest: Why a State Cannot Impose its Income Tax on Tribal Bonds (May 7, 2009). Akron Tax Journal, Vol. 25, p. 123, 2010); U of St. Thomas Legal Studies Research Paper No. 09-11. Available at SSRN: http://ssrn.com/abstract=1401103

Contact Information

Scott A. Taylor (Contact Author)

University of St. Thomas - School of Law (Minnesota) ( email )

MSL 400, 1000 La Salle Avenue
Minneapolis, MN Minnesota 55403-2005
United States