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12 chapters · 128 sections in this title.
A.S.C.A. § 11.1801 Legislative findings and purposes
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The Legislature Finds and declares that: (1) The United States Congress has established, in Title VIII of the Tax Reform Act of 1984, various tax incentives to encourage foreign export trade by United States companies and has provided that tax-favored Foreign Sales Corporations m…
A.S.C.A. § 11.1802 Definitions
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As used in this chapter, unless the context clearly indicates otherwise: (a) The terms “Foreign Sales Corporations”, “FSC”, “Small FSC”, and “Foreign Trade Income” have the same meaning as are assigned those terms in Subpart C of Part III of Subchapter N of Chapter 1 of the Unite…
A.S.C.A. § 11.1803 Exemption of Foreign Sales Corporations from American Samoa Income Tax
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A corporation which is a Qualifying American Samoa Foreign Sales Corporation(within the meaning of 11.1807) for any taxable year is exempt from the payment of corporation income taxes on its net foreign trade income for that taxable year. History: 1984, PL 18-54
A.S.C.A. § 11.1804 Exemption of Foreign Sales Corporation shareholders
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No tax shall be imposed pursuant to sections 871(a)(l) and 881 of the Samoa Income Tax Act upon citizens and residents of the United States and upon corporations organized under the laws of any state of the United States with respect to items of income realized from sources withi…
