Reservation Industries Act

[AI summary unavailable — showing source text] Reservation Industries Act - Provides that income derived from the sale of goods manufactured or produced in whole or in part at an exempt reservation facility shall not be taxed. Classifies an exempt reservation facility as one which has been so certified by the Secretary of the Interior in one of the nine preceding tax years and one share 50 percent of the man-hours worked have been performed by eligible Indians at such establishment. Disallows a tax credit for normal business expenses. Allows Indian tribes to contract for industry to be brought into the reservations. (Adds 26 U.S.C. 120, 277)…