Buy cheap gay porn.

11.1808 Election of status as Qualifying American Samoa Foreign Sales Corporation.

Cite as [A.S.C.A. 11.1808]

(a) Time for Making. An election by a corporation to be treated as a Qualifying American Samoa Foreign Sales Corporation under 11.1807 shall be made by such corporation for a taxable year at any time during the period beginning 60 days immediately preceding and ending 60 days immediately succeeding the beginning of the taxable year except that the Tax Manager of American Samoa, may consent to and designate the making of an election at other times.

(b) Manner of Election. An election under subsection(a) shall be made by filing a letter electing Qualifying American Samoa Foreign Sales Corporation status with the Tax Manager of American Samoa.

(c) Effect of Election. If a corporation makes an election under subsection(a), then the provisions of this chapter apply to the corporation for the taxable year which the corporation elected and for all succeeding taxable years until the election is terminated.

(d) Termination of Election. An election under this section may be terminated by revoking the election for any taxable year of the corporation after the first taxable year in which the election is effective. A termination of election under this paragraph is effective;

(1) for the taxable year in which made, if made at any time during the first 90 days of such taxable year; or

(2) for the taxable year following the taxable year in which made, if made after the close of such 90 days, and for all succeeding years of the corporation. Termination is made by filing with the Tax Manager, Government of American Samoa, Pago Pago, American Samoa, 96799, a letter revoking the election.

History: 1984, PL 18-55