Congresswoman Uifa’atali Amata has introduced a renewal of the American Samoa Economic Development Credit—a tax extender known as 30A, based on the section of the Internal Revenue Service (IRS) code—, H.R. 399 in the 119th Congress.
“This important credit has bolstered American Samoa in the past and will strengthen our largest local industry, while bringing stability to the many small businesses that rely on the presence of the cannery, as well as be available to future employers for confidence about investing in American Samoa,” said Congresswoman Aumua Amata. “I will continue working to renew this policy, and the start of a new year and a new Congress is the right time to introduce this effort.”
The American Samoa Economic Development Credit was initiated in 2006, following the phase out of prior tax policies, and helps American Samoa’s largest private employer continue to do business in the Territory and make plans for the future.
“The Star-Kist tuna from American Samoa is a U.S. product from the catch to the canning, and as an affordable source of quality protein, it is an important link in American food security, which is part of national security. This ‘Buy American’ product is perfect for school nutrition, purchases by our military and more,” concluded Congresswoman Amata. “Through 30A renewal, U.S. policy can recognize the challenges of a small island economy with a single primary industry, while supporting the future of U.S. food security.”
Photo: Amata with Ways and Means Committee Chairman Jason Smith
