EXTENSION OF AMERICAN SAMOA ECONOMIC DEVELOPMENT CREDIT.

SEC. 40312. EXTENSION OF AMERICAN SAMOA ECONOMIC DEVELOPMENT CREDIT. (a) [26 U.S.C. 30A note] In General Section 119 of division A of the Tax Relief and Health Care Act of 2006 is amended— (1) in subsection (d)— (A) by striking “January 1, 2017” each place it appears and inserting “January 1, 2018”, (B) by striking “first 11 taxable years” in paragraph (1) and inserting “first 12 taxable years”, and (C) by striking “first 5 taxable years” in paragraph (2) and inserting “first 6 taxable years”, and (2) in subsection (e), 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.”. (b) [26 U.S.C. 30A note] Effective Date The amendments made by this section shall apply to taxable years beginning after December 31, 2016.