Aumua Amata Radewagen (R-AS)
To permanently extend the American Samoa economic development tax credit.
A Republican bill with no cosponsors
Last activity — Referred to the House Committee on Ways and Means.
In committee
Introduced and handed to a committee in the chamber it started in.
The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.
Its path through Congress
- Introduced
- In Committee
What this bill would do
This bill aims to permanently extend the American Samoa economic development tax credit. It proposes specific amendments to Section 119(d) of division A of the Tax Relief and Health Care Act of 2006. The changes involve striking specific time-related limitations within the existing law. These amendments would take effect for taxable years beginning after December 31, 2021.
Yes· 3 of 7
- Scored +5
Does this cut taxes for small businesses?
The bill extends a tax credit intended for economic development in American Samoa, which benefits local businesses.
- Scored +5
Does this make it easier to run a small business?
The tax credit provides financial incentives that support business investment and operations in the American Samoa region.
- Scored +5
Would business owners be better off under this?
The bill benefits business owners by providing a permanent tax credit for economic development in American Samoa.
The opposite
No question was scored the opposite.
Who it would affect, and how
Potential Positive Impacts for People
- Permanent Economic Stimulus: By striking the expiration dates and specific year limits in Section 1(a), the bill seeks to permanently extend the American Samoa economic development tax credit. This could provide long-term economic stability for the region.
Potential Negative Impacts for People
- No negative impacts are explicitly stated in the provided text.
Groups and Interests Ranking
Every group the model scored this bill for, from -10 to +10. Tap or hover a score for the reason it gave.
- Economy And Finance
- Does this make it easier to run a small business? — The tax credit provides financial incentives that support business investment and operations in the American Samoa region. Does this cut taxes for small businesses? — The bill extends a tax credit intended for economic development in American Samoa, which benefits local businesses. Is this likely to create jobs? — By making the economic development tax credit permanent, the bill aims to foster long-term economic activity and job growth in American Samoa. Is this likely to grow the economy? — The permanent extension of the tax credit is intended to stimulate the economy of American Samoa.
- Demographic And Interest Groups
- Would business owners be better off under this? — The bill benefits business owners by providing a permanent tax credit for economic development in American Samoa. Would people in rural areas be better off under this? — The economic development focus of the tax credit provides potential benefits to residents in the American Samoa territory.
- Social Issues And Justice
- Is this likely to lift people out of poverty? — Economic development through tax credits can help reduce poverty by fostering local industry and employment.
- 1/14/2025
- Referred to the House Committee on Ways and Means.
- Introduced in House