U.S. Votes To Extend Tax Credit For Am. Samoa Canneries

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Senate yet to act on Faleomavaega’s proposal

PAGO PAGO, American Samoa (The Samoa News, Dec, 4, 2014) – In a vote of 348-46, the U.S. House of Representatives yesterday passed a tax extender package that includes Congressman Faleomavaega Eni’s provision for an extension of IRS 30A benefits for another year. The provision, included in H.R. 5771, is critical to American Samoa’s tuna canneries and economy.

Faleomavaega said the federal 30A tax credit benefit helps protect the jobs of tuna cannery workers in American Samoa, and the extensions are also helpful to other businesses who may seek to qualify.

"The bill now needs to be considered by the Senate. Earlier this year, the Senate Committee on Finance passed my provision for a two-year extension of 30A benefits for and on behalf of our canneries," Faleomavaega said in a news release from Washington D.C.

"However, the full Senate has not yet acted on it but I am hopeful that once the tax extenders package is negotiated between the House and Senate, we will get the outcome we have worked so hard for," he said yesterday.

"Most likely the Senate will ultimately pass the House version of the bill which includes the one-year extender for American Samoa. As the matter progresses, I will keep our people updated," he said.

Faleomavaega, who was unseated during the Nov. 4th general election, thanked his colleagues in the U.S. House and Senate – both Republican and Democrat – "who have always stood with me in support of American Samoa. I am appreciative that, once more, they have included my request for an extension of 30A."

He also thanked StarKist and Tri-Marine International for their support, and especially Jim Bonham who has been a good friend. "I will miss him (Bonham) but I wish our cannery workers and StarKist and Tri-Marine every success in American Samoa," Faleomavaega concluded.

Bonham is a lobbyist for Tri Marine and StarKist. He is with the firm Manatt, Phelps and Philips.

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