This bill would make the American Samoa economic development tax credit permanent. It changes a 2006 law by removing the phrases that set an end date for the credit. The amendment applies to taxable years beginning after December 31, 2021.
If you are eligible to claim the American Samoa economic development tax credit, the credit would remain available for future tax years starting after 2021. The bill text does not change the credit’s calculation or who qualifies; it only removes the expiration dates.
No publicly available information about estimated costs or budget effects appears in the bill text or metadata.
No publicly available information.
No publicly available information.