HR399119th CongressWALLET

To permanently extend the American Samoa economic development tax credit.

Sponsored By: Representative Del. Radewagen, Aumua Amata Coleman [R-AS-At Large]

Introduced

Summary

Permanently extends the American Samoa Economic Development Tax Credit. The bill would remove the sunset and numeric timing limits in the note to 26 U.S.C. 30A that previously phased the credit down. Those edits strike the timing phrases that set phased caps and leave the credit in place for taxable years beginning after December 31, 2021. The change relies on the credit’s existing statutory design and does not add new funding or create new programs.

Your PRIA Score

Score Hidden

Personalized for You

How does this bill affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this bill and every other piece of legislation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Bill Overview

Analyzed Economic Effects

1 provisions identified: 1 benefits, 0 costs, 0 mixed.

Make American Samoa business credit permanent

This bill would make the American Samoa economic development tax credit permanent. It would remove time limits and the January 1, 2022 cutoff. If you run a qualifying business, you could claim it for taxable years starting after December 31, 2021. The bill would not change how the credit works or who qualifies under current rules.

Free Policy Watch

You just read the policy. Now see what it costs you.

Pick a topic. PRIA runs your household against live legislation and sends you a free personalized readout.

Pick a topic to get started

Sponsors & CoSponsors

Sponsor

Del. Radewagen, Aumua Amata Coleman [R-AS-At Large]

AS • R

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation

Take It Personal

Get Your Personalized Policy View

Take the PRIA Score to see how policy affects your household, then upgrade to PRIA Full Coverage for year-round monitoring.

Already have an account? Sign in