AMERICAN SAMOA ECONOMIC DEVELOPMENT CREDIT.

SEC. 119. AMERICAN SAMOA ECONOMIC DEVELOPMENT CREDIT. (a) [26 U.S.C. 30A note] In General.—Section 119(d) of division A of the Tax Relief and Health Care Act of 2006is amended— (1) by striking “January 1, 2018” each place it appears and inserting “January 1, 2021”, (2) by striking “first 12 taxable years” in paragraph (1) and inserting “first 15 taxable years”, (3) by striking “first 6 taxable years” in paragraph (2) and inserting “first 9 taxable years”, and (4) by adding at the end the following flush sentence:“ ‘In the case of a corporation described in subsection (a)(2), the Internal Revenue Code of 1986 shall be applied and administered without regard to the amendments made by section 401(d)(1) of the Tax Technical Corrections Act of 2018.’ ”. (b) Conforming Amendment.—Section 119(e) of division A of the Tax Relief and Health Care Act of 2006 is amended by inserting “(as in effect before its repeal)” after “section 199 of the Internal Revenue Code of 1986”. (c) [26 U.S.C. 30A note] Effective Date.—The amendments made by this section shall apply to taxable years beginning after December 31, 2017.