Sec. 4403. Extension of American Samoa economic development credit
142 words·~1 min read·
/bill/115/hr/1/eh/section-4403A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 119(d) of division A of the Tax Relief and Health Care Act of 2006 is amended— by striking January 1, 2017 each place it appears and inserting January 1, 2023 , by striking first 11 taxable years in paragraph
(1)and inserting first 17 taxable years , and by striking first 5 taxable years in paragraph
(2)and inserting first 11 taxable years . Section 119(e) of division A of the Tax Relief and Health Care Act of 2006 is amended by adding at the end the following: References in this subsection to . section 199 of the Internal Revenue Code of 1986 shall be treated as references to such section as in effect before its repeal by the Tax Cuts and Jobs Act . The amendments made by this section shall apply to taxable years beginning after December 31, 2016.