To permanently extend the American Samoa economic development tax credit.

This bill makes a tax credit for American Samoa permanent, starting with tax years after December 31, 2021. The tax credit allows certain domestic corporations to reduce their taxes based on wages they pay to workers in American Samoa, employee benefits, and depreciation of property there. Right now, this tax credit was only available through December 31, 2021, but this bill removes that expiration date.

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