The President has Declared Major Disasters for 2 South Dakota Reservations. President Joe Biden approved major disaster declarations for two South Dakota reservations that were hit with severe winter storms from December 12 – December 25, 2022. The snowstorm was devastating for many families living on the Pine Ridge Indian Reservation and the Rosebud Sioux Indian Reservation. The storm brought more than 30 inches of snow and strong winds that caused snow drifts up to 12 feet high in parts of the reservations, which made several reservation roads become impassable. The impassable roads proved to be deadly for a 12-year-old boy on the Rosebud Indian Reservation because emergency first responders could not reach his home. He had a preexisting undisclosed medical condition.
IRS Guidance on Low-Income Communities gives Bonus Credit for Native American Energy Projects. On Valentines Day this year, the U.S. Treasury issued initial guidance for the implementation of the Inflation Reduction Act (IRA) environmental justice capacity limitation program – now called the Low-Income Communities Bonus Credit Program. This program provides additional credits for solar, wind, and small wind projects located in low-income communities and Indian lands in 2023 and 2024. These credits can result in an additional increase in the tax credit of 10% or 20%, for up to 70%. This article summarizes the IRS guidance and its implications.
Those are your headlines at this hour, I’m Colette Keith in the KIPI News center.
