General Welfare Exclusion definition

General Welfare Exclusion means the IRS doctrine under which certain payments made under legislatively provided social benefit programs for the promotion of the general welfare, and not as compensation for services, are excludable from gross income.
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General Welfare Exclusion means Assistance shall be treated as non-taxable so long as it satisfies the requirements for exclusion under 26 U.S.C. Section 139E, it is provided under a Safe Harbor Program, or it meets the General Test.
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General Welfare Exclusion means any benefits shall be treated as non-taxable under federal law so long as it satisfies the requirements for exclusion under 26 U.S.C. §139E, is provided under a Safe Harbor Program listed and detailed in I.R.S. Rev. Proc. 2014-35 or subsequent Internal Revenue Service procedures or regulations, or it meets the General Test.
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Examples of General Welfare Exclusion in a sentence

  • Any Program benefits or payments that qualify for tax free treatment under the General Welfare Exclusion.

  • This Code is established pursuant to the authority vested in the Tribal Council by the Constitution of the Tribe, and pursuant to the Tribal General Welfare Exclusion Act of 2014, codified under Internal Revenue Code Section 139E, which excludes from gross income, for income tax purposes, the value of general welfare assistance that may be provided to an Eligible Tribal Member.

  • First place trophy and awards, second place trophy and third place trophy.

  • Programs that qualify under Code Section 139E or the IRS Safe Harbor shall not require a showing of individual need or means testing in order to achieve non-taxable treatment under the General Welfare Exclusion.

  • This Ordinance is established pursuant to the authority vested in the Tribal Council by Section 6 of the Articles of Association to enact ordinances for the general welfare of the Tribe, and pursuant to the Tribal General Welfare Exclusion Act of 2013, codified under Internal Revenue Code Section 139E, which excludes from gross income, for income tax purposes, the value of general welfare assistance that may be provided to an Eligible Tribal Member.

  • In that context, the IRS has employed an administrative practice, known as the General Welfare Exclusion (“GWE”), which excludes benefits and payments to individuals from federal income taxation when those benefits and payments are made pursuant to a governmental program serving the general welfare.

  • On September 26, 2014, President Obama signed HR 3043, the Tribal General Welfare Exclusion Act, into law as PL 113-168.

  • Programs that do not qualify for non-taxable treatment under Code Section 139E or under an IRS Safe Harbor, will nonetheless be treated as non-taxable if Program benefits meet the General Test for treatment under the General Welfare Exclusion.

  • However, this shall not prevent the Tribe from structuring Programs with community service ties so long as such ties are consistent with the General Welfare Exclusion.

  • The TAC created by the Tribal General Welfare Exclusion Act is charged with a broad mandate to advise Treasury and IRS on not only GWE implementation but also other tribal taxation matters.


More Definitions of General Welfare Exclusion

General Welfare Exclusion means a federal income tax exclusion which allows individuals to exclude certain tribally-distributed benefits from their gross income when calculating federal income tax. For the purposes of this Title, General Welfare Exclusion only refers to the four exemptions described in Chapter 31.02.
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General Welfare Exclusion means any benefit shall be treated as nontaxable under federal law so long as it satisfies the requirements for exclusion under Internal Revenue Code Section 139E, it is provided under a safe harbor program, or it meets the General Test.
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General Welfare Exclusion means any benefits shall be treated as non-taxable under federal law so long as it satisfies the requirements for exclusion under 26 U.S.C. 139E, it is provided under a Safe Harbor Program, or it meets the General Test.
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Related to General Welfare Exclusion

  • Health benefit plan means a policy, contract, certificate or agreement offered or issued by a health carrier to provide, deliver, arrange for, pay for or reimburse any of the costs of health care services.

  • Health and Safety Plan means a documented plan which addresses hazards identified and includes safe work procedures to mitigate, reduce or control the hazards identified;

  • health and safety file means a file, or other record containing the information in writing required by these Regulations "health and safety plan" means a site, activity or project specific documented plan in accordance with the client's health and safety specification;