H.R. 399
IntroducedTo permanently extend the American Samoa economic development tax credit.
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Full text of the bill
Official source on Congress.gov ↗[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 399 Introduced in House (IH)]
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119th CONGRESS 1st Session H. R. 399
To permanently extend the American Samoa economic development tax credit.
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IN THE HOUSE OF REPRESENTATIVES
January 14, 2025
Mrs. Radewagen introduced the following bill; which was referred to the Committee on Ways and Means
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A BILL
To permanently extend the American Samoa economic development tax credit.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. AMERICAN SAMOA ECONOMIC DEVELOPMENT TAX CREDIT MADE PERMANENT.
(a) In General.--Section 119(d) of division A of the Tax Relief and Health Care Act of 2006 (26 U.S.C. 30A note) is amended--
(1) in paragraph (1)--
(A) by striking ``first 16'', and
(B) by striking ``and before January 1, 2022'', and
(2) in paragraph (2)--
(A) by striking ``first 10'', and
(B) by striking ``and before January 1, 2022''.
(b) Effective Date.--The amendments made by this section shall apply to taxable years beginning after December 31, 2021. <all>