
For three decades, Native American tribes were left in limbo, unable to get a clear answer from US tax authorities on a straightforward question: Are their businesses tax-exempt like their governments? This uncertainty prevented access to billions of dollars in potential loans and investment, stalling economic growth across tribal communities.
Finally, the Trump administration has provided clarity. On 15 December, the Treasury and IRS finalised rules that confirm tribal-owned businesses—ranging from casinos to solar farms—are tax-exempt, just as tribal governments are. This decision opens the floodgates to capital for 243 tribes operating a $43.9 billion gaming industry and burgeoning clean energy projects nationwide.