An "IGRA trust" is a trust that an Indian tribe establishes under IGRA (Indian Gaming Regulatory Act 25 U.S.C. sections 2701-2721) to receive and invest per capita payments for its members who are minors or legal incompetents pending distribution of the trust assets to those members after they attain the age of majority or cease to be legal incompetents. Revenue Procedure 2011-56 provides safe harbor rules under which the IRS will treat an Indian tribe as the grantor and owner of an IGRA trust. Return to List of FAQs
