26 U.S.C. § 139G: Assignments to Alaska Native Settlement Trusts

are assigned in writing to a Settlement Trust, and were not received by such Native Corporation prior to the assignment described in paragraph (1). In the case of a Settlement Trust which has been assigned payments described in subsection (a), gross income shall include such payments when received by such Settlement Trust pursuant to the assignment and shall have the same character as if such payments were received by the Native Corporation. The amount and scope of any assignment under subsection (a) shall be described with reasonable particularity and may either be in a percentage of one or more such payments or in a fixed dollar amount. a duration either in perpetuity or for a period of time, and whether such assignment is revocable. Notwithstanding section 247, no deduction shall be allowed to a Native Corporation for purposes of any amounts described in subsection (a). For purposes of this section, the terms “Native Corporation” and “Settlement Trust” have the same meaning given such terms under section 646(h).