H.R. 982: To clarify the tax treatment of bonds and other obligations issued by the Government of American Samoa.
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H.R. 982: To clarify the tax treatment of bonds and other obligations issued by the Government of American Samoa.
108th Congress · introduced 2003-02-27 · Taxation · Latest: Became Public Law No: 108-326.
federal
Follow this bill, step by step
- Where it came from: introduced 2003-02-27 · official record
- Who proposed it: Del. Faleomavaega, Eni F. H. [D-AS-At Large] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Became Public Law No: 108-326. (final step reached)
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
To clarify the tax treatment of bonds and other obligations issued by the Government of American Samoa.
Plain summary
(This measure has not been amended since it was introduced in the House on February 27, 2003. The summary of that version is repeated here.) Amends the Internal Revenue Code to provide that the interest on any bonds issued by or on behalf of the Government of American Samoa shall be exempt from income taxation by the Government of American Samoa and the governments of any of the several States, the District of Columbia, any territory or possession of the United States, and any subdivision thereof.
Congressional Research Service summary (Reported to House without amendment), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
To clarify the tax treatment of bonds and other obligations issued by the Government of American Samoa.
Source: Congressional Research Service summary (Reported to House without amendment)
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The strongest published arguments
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Del. Faleomavaega, Eni F. H. [D-AS-At Large] · 0 cosponsors
Cost estimate: CBO cost estimate: H.R. 982, A bill to clarify the tax treatment of bonds and other obligations issued by the government of American Samoa (2003-05-09); CBO cost estimate: H.R. 982, A bill to clarify the tax treatment of bonds and other obligations issued by the government of American Samoa (2003-05-09); CBO cost estimate: H.R. 982, A bill to clarify the tax treatment of bonds and other obligations issued by the government of American Samoa (2003-09-26); CBO cost estimate: H.R. 982, A bill to clarify the tax treatment of bonds and other obligations issued by the government of American Samoa (2003-09-26); CBO cost estimate: H.R. 982, An act to clarify the tax treatment of bonds and other obligations issued by the government of American Samoa (2004-07-22); CBO cost estimate: H.R. 982, An act to clarify the tax treatment of bonds and other obligations issued by the government of American Samoa (2004-07-22)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (3)
- Bond
- A way to borrow money. A government sells bonds to raise money now and promises to pay it back with interest over time. Bonds repaid from taxes often need voter approval.
- Exemption
- A rule that removes certain people, property or activities from a tax or requirement.
- Obligation
- A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Reported to House without amendment)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-108hr982.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/108/hr>
Record fed-us-cong108-hr982 · catalog fed-us-congress-bills-cong108 · updated 2026-11-15 by psicol fed-bills-cong108