Introduced in House — H.R. 399

119th CONGRESS

1st Session

H. R. 399

IN THE HOUSE OF REPRESENTATIVES

January 14, 2025

Mrs. Radewagen introduced the following bill; which was referred to the Committee on Ways and Means

A BILL

To permanently extend the American Samoa economic development tax credit.

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.