To permanently extend the American Samoa economic development tax credit.

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.