[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 10236 Introduced in House (IH)]

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118th CONGRESS
  2d Session
                               H. R. 10236

   To permanently extend the American Samoa economic development tax 
                                credit.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           November 21, 2024

Mrs. Radewagen introduced the following bill; which was referred to the 
                      Committee on Ways and Means

_______________________________________________________________________

                                 A BILL


 
   To permanently extend the American Samoa economic development tax 
                                credit.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. AMERICAN SAMOA ECONOMIC DEVELOPMENT TAX CREDIT MADE 
              PERMANENT.

    (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.
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