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Permanent tax credit extension for American Samoa economic development.

This bill aims to permanently extend the American Samoa economic development tax credit. This means businesses operating in the territory will continue to benefit from preferential tax conditions, potentially supporting the local economy and job creation. For citizens of American Samoa, this could lead to greater economic stability and availability of services.
Key points
The American Samoa economic development tax credit will be made permanent, rather than expiring.
The tax changes will apply to taxable years beginning after December 31, 2021.
Extending the credit aims to support economic stability and investment in American Samoa.
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Expired
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Additional Information
Print number: 118_HR_10236
Sponsor: Del. Radewagen, Aumua Amata Coleman [R-AS-At Large]
Process start date: 2024-11-21
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

To permanently extend the American Samoa economic development tax credit.

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_10236.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-11-21.

What are the main provisions?

Key points include:

  • The American Samoa economic development tax credit will be made permanent, rather than expiring.
  • The tax changes will apply to taxable years beginning after December 31, 2021.
  • Extending the credit aims to support economic stability and investment in American Samoa.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Del. Radewagen, Aumua Amata Coleman [R-AS-At Large].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-24.

CATEGORIES

Taxes Economy