H.R. 399 (Introduced in House) — To permanently extend the American Samoa economic development tax credit.

(a)

In general— Section 119(d) of division A of the Tax Relief and Health Care Act of 2006 (26 U.S.C. 30A note) is amended—

(1)

in paragraph (1)—

(A)

by striking “first 16”, and

(B)

by striking “and before January 1, 2022”, and

(2)

in paragraph (2)—

(A)

by striking “first 10”, and

(B)

by striking “and before January 1, 2022”.

(b)

Effective date— The amendments made by this section shall apply to taxable years beginning after December 31, 2021.

To permanently extend the American Samoa economic development tax credit.