11.1606 Governor’s powers regarding tax exemptions.

Cite as [A.S.C.A. 11.1606]

(a) The Governor of American Samoa shall have the following powers:

(1) After considering recommendations of the Board submitted within a reasonable time, he may deny, grant or amend a certificate of tax exemption, with such terms and conditions as he considers appropriate.

(2) He may revoke any tax exemption certificate for the reasons stated in subsection(d) of 11.1605.

(3) He may renew a tax exemption certificate, in whole or in part, if he believes that the industrial or business enterprise is contributing to the economic development of American Samoa and cannot be operated without such exemption.

(4) He may adopt such rules, regulations and reporting requirements as he deems necessary for the purposes of this chapter.

(b) All recommendations of the board relating to the qualification of applicants or the issuance, denial, revocation, modification, amendment, suspension or transfer of certificates of tax exemption shall be subject to the approval of the Governor; and no certificate, or any revocation, modification, suspension, amendment, or transfer thereof shall be deemed valid without the written approval of the Governor.

History: 1962, PL 7-37; 1963, PL 84.