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United States · Bill · HR

H.R. 399 (119th)

To permanently extend the American Samoa economic development tax credit.

referredUnited States· United States Congress· EN

Introduced

14 January 2025

Last action

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Status

Referred to the House Committee on Ways and Means.

Sponsors

—

Subjects

Discovery layer

Source updated

18 July 2026

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.

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Documents

2 official files

Introduced in House

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