When the Fono begins its fourth regular session next month, ASG is introducing legislation to allow qualified taxpayers to receive funding for the Earned Income Tax Credit.
As part of the American Rescue Plan Act of 2021, passed by Congress and signed into law by President Biden, American Samoa was allocated $16million for eligible taxpayers, provided the territory passes local legislation to adopt the Earned Income Tax Credit.
The EITC section of American Samoa’s code was repealed in 1980, therefore legislation is required for American Samoa to receive the funds.
Upon passage by the Fono and signing of the law by the Governor, the Department of Treasury plans to disburse EITCs to eligible taxpayers by September 2022.
Only those who filed their 2021 Form 390 and 390EZ to report earned income will participate in the EITC program.
Further details and guidance on eligibility will be issued in the near future.
