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HR399FEDERALin_committee

Proposal to Make American Samoa Economic Tax Credit Permanent

Original title: To permanently extend the American Samoa economic development tax credit.

January 14, 2025

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Where This Stands

Introduced
Committee
Floor Vote
Passed
Signed

Currently in_committee. The next step in the legislative lifecycle is Floor Vote.

Last action
Referred to the House Committee on Ways and Means.Jan 14, 2025

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

The Frame

What this does

If passed, this legislation would remove the expiration date for a tax credit used by businesses operating in American Samoa, providing long-term tax certainty for those entities.

Who is mentioned in the record

Potentially affected actors named in the source documents. Mention is not a position.

Businesses operating in American Samoa

These entities would be eligible for the tax credit on a permanent basis if the bill is enacted.

What changed

Current stage: in_committee.

What's next

Floor Vote.

Summary

This bill proposes to permanently extend the existing tax credit designed to encourage economic development in American Samoa. Currently, this tax incentive is subject to periodic expiration and renewal.

Why It Matters

If passed, this legislation would remove the expiration date for a tax credit used by businesses operating in American Samoa, providing long-term tax certainty for those entities.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

What does this bill do?
It proposes to remove the expiration date on a specific tax credit currently available for economic development activities in American Samoa.
What is the current status of the bill?
The bill has been introduced and referred to the House Committee on Ways and Means for review.

News Coverage

No news coverage found yet. Articles are indexed twice daily.

Discoveries

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift90% confidence

Transition to Permanent Status

The bill represents a shift from temporary, renewable tax incentives to a permanent tax structure for American Samoa.

Connected Entities

organizationHouse Committee on Ways and MeansThe committee currently reviewing the bill.Map →
locationAmerican SamoaThe geographic area targeted by the economic development tax credit.Map →

Analysis Score

0–100
  • Significance40
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz15
    Current news / social attention level

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