ITG FAQ #11 Answer-When exempt income is reinvested, is the reinvestment income subject to taxation?

Federal, State, & Local Gov'ts | Governmental Liaisons | Indian Tribal Gov'ts

Indian Tribal Gov'ts Topics

IRS Resources

ITG FAQ #11 Answer-When exempt income is reinvested, is the reinvestment income subject to taxation?

When exempt income is reinvested, the reinvestment income is subject to taxation. (Superintendent of Five Civilized Tribes v. Commissioner, 295 U.S. 418 (1935)).

Return to List of FAQs

Page Last Reviewed or Updated: December 02, 2011