To permanently extend the American Samoa economic development tax credit.

# Summary of HR 399 **What the Bill Does** This bill would make permanent a tax credit designed to encourage business investment and economic development in American Samoa. Currently, this tax credit is temporary and set to expire. If passed, the bill would remove the expiration date, allowing the credit to continue indefinitely. **Who It Affects** The bill primarily affects businesses operating in or investing in American Samoa, as well as the U.S. territory itself.

Companies that qualify for the credit would gain long-term certainty about the tax incentive, potentially encouraging more investment in the island's economy. Taxpayers who benefit from the credit would also be affected. **Current Status** The bill is currently in committee, meaning it has been introduced but has not yet been debated or voted on by the full House of Representatives. It was sponsored by Representative Aumua Amata Coleman Radewagen, the Congressional Delegate from American Samoa.