{"identifier":"/us/usc/t25/s1407","title":25,"num":"\u00a7\u202f1407.","heading":"Tax exemption; resources exemption limitation","text":"\u00a7\u202f1407.\nTax exemption; resources exemption limitation\nNone of the funds which\u2014\n(1) are distributed per capita or held in trust pursuant to a plan approved under the provisions of this chapter, or\n1\n1 So in original. The word \u201cor\u201d probably should not appear.\n(2) on\nJanuary 12, 1983\nJanuary 12, 1983\n(3) were distributed pursuant to a plan approved by Congress after\nDecember 31, 1981\nJanuary 12, 1983\n(4) are paid by the State of Minnesota to the Bois Forte Band of Chippewa Indians or the Grand Portage Band of Lake Superior Chippewa Indians, or both, pursuant to the agreements of each Band to voluntarily restrict tribal rights to hunt and fish in territory cede\n2\n2 So in original. Probably should be \u201cceded\u201d.\nSeptember 30, 1854\n10 Stat. 1109\nincluding all interest and investment income accrued thereon while such funds are so held in trust, shall be subject to Federal or State income taxes, nor shall such funds nor their availability be considered as income or resources nor otherwise utilized as the basis for denying or reducing the financial assistance or other benefits to which such household or member would otherwise be entitled under the Social Security Act [\n42 U.S.C. 301","url":"https://projectusc.org/usc/t25/s1407.html","content":[{"t":"sec","id":"/us/usc/t25/s1407","children":[{"t":"num","text":"\u00a7\u202f1407."},{"t":"heading","text":"Tax exemption; resources exemption limitation","tail":"\n"},{"t":"chapeau","text":"None of the funds which\u2014"},{"t":"para","id":"/us/usc/t25/s1407/1","children":[{"t":"num","text":"(1)"},{"t":"content","text":" are distributed per capita or held in trust pursuant to a plan approved under the provisions of this chapter, or\u202f","children":[{"t":"ref","text":"1"},{"t":"num","text":"1","tail":"\u202fSo in original. The word \u201cor\u201d probably should not appear."},{"t":"text","text":"\u202fSo in original. The word \u201cor\u201d probably should not appear."}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t25/s1407/2","children":[{"t":"num","text":"(2)"},{"t":"content","text":" on ","children":[{"t":"text","text":"January 12, 1983","tail":", are to be distributed per capita or are held in trust pursuant to a plan approved by the Congress prior to "},{"t":"text","text":"January 12, 1983","tail":","}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t25/s1407/3","children":[{"t":"num","text":"(3)"},{"t":"content","text":" were distributed pursuant to a plan approved by Congress after ","children":[{"t":"text","text":"December 31, 1981","tail":" but prior to "},{"t":"text","text":"January 12, 1983","tail":", and any purchases made with such funds, or"}],"tail":"\n"}],"tail":"\n"},{"t":"para","id":"/us/usc/t25/s1407/4","children":[{"t":"num","text":"(4)"},{"t":"content","text":" are paid by the State of Minnesota to the Bois Forte Band of Chippewa Indians or the Grand Portage Band of Lake Superior Chippewa Indians, or both, pursuant to the agreements of each Band to voluntarily restrict tribal rights to hunt and fish in territory cede\u202f","children":[{"t":"ref","text":"2"},{"t":"num","text":"2","tail":"\u202fSo in original. Probably should be \u201cceded\u201d."},{"t":"text","text":"\u202fSo in original. Probably should be \u201cceded\u201d.","tail":" under the Treaty of "},{"t":"text","text":"September 30, 1854","tail":" ("},{"t":"ref","text":"10 Stat. 1109","href":"/us/stat/10/1109","tail":"), including all interest accrued on such funds during any period in which such funds are held in a minor\u2019s trust,"}],"tail":"\n"}],"tail":"\n\n"},{"t":"continuation","text":"including all interest and investment income accrued thereon while such funds are so held in trust, shall be subject to Federal or State income taxes, nor shall such funds nor their availability be considered as income or resources nor otherwise utilized as the basis for denying or reducing the financial assistance or other benefits to which such household or member would otherwise be entitled under the Social Security Act [","children":[{"t":"ref","text":"42 U.S.C. 301","href":"/us/usc/t42/s301","tail":" et seq.] or, except for per capita shares in excess of $2,000, any Federal or federally assisted program."}],"tail":"\n"},{"t":"text","text":"\n"},{"t":"text","text":"\n"}]}]}