H.R. 399: To permanently extend the American Samoa economic development tax credit.

119th Congress · introduced 2025-01-14 · Taxation · Latest: Referred to the House Committee on Ways and Means.

federal

Official title

To permanently extend the American Samoa economic development tax credit.

Plain summary

This bill permanently extends the American Samoa economic development tax credit, effective for tax years beginning after December 31, 2021. Under current law, certain qualified domestic corporations may be entitled to a tax credit for a percentage of qualified American Samoa wages, allocable employee fringe benefits, and depreciation allowances related to qualified American Samoa tangible property. However, under current law, the tax credit is only available for such corporations for tax years beginning on or before December 31, 2021.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

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What does this mean? (plain words)

Official text

To permanently extend the American Samoa economic development tax credit.

Source: Congressional Research Service summary (Introduced in House)

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Officials and money

Sponsor: Del. Radewagen, Aumua Amata Coleman [R-AS-At Large] · 0 cosponsors

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Words on this page, explained (1)

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Sources

Congressional Research Service summary (Introduced in House)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-119hr399.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/119/hr>

Record fed-us-cong119-hr399 · catalog fed-us-congress-bills-cong119 · updated 2026-11-03 by psicol fed-bills