CONGRESS FOR VOTERS

RepublicanBill · H.R. 399· House(119-HR-399)

To permanently extend the American Samoa economic development tax credit.

Rep. Radewagen
Age: 79 years
American Samoa
Introduced
1/14/2025
Last activity
1/14/2025 — Referred to the House Committee on Ways and Means.
Sponsored by
Aumua Amata Radewagen
Cosponsors
None
Taxation
  1. Introduced
  2. In Committee

What this bill would do

This bill aims to permanently extend the American Samoa economic development tax credit. It proposes specific amendments to Section 119(d) of division A of the Tax Relief and Health Care Act of 2006. The changes involve striking specific time-related limitations within the existing law. These amendments would take effect for taxable years beginning after December 31, 2021.

Yes· 3 of 7

  • Does this cut taxes for small businesses?+5

    The bill extends a tax credit intended for economic development in American Samoa, which benefits local businesses.

  • Does this make it easier to run a small business?+5

    The tax credit provides financial incentives that support business investment and operations in the American Samoa region.

  • Would business owners be better off under this?+5

    The bill benefits business owners by providing a permanent tax credit for economic development in American Samoa.

The opposite

No question was scored the opposite.