11.1803 Exemption of Foreign Sales Corporations from American Samoa Income Tax.

Cite as [A.S.C.A. 11.1803]

A corporation which is a Qualifying American Samoa Foreign Sales Corporation(within the meaning of 11.1807) for any taxable year is exempt from the payment of corporation income taxes on its net foreign trade income for that taxable year.

History: 1984, PL 18-54