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48 U.S.C. § 1642 — Use of certain proceeds for expenditure; income tax obligations of inhabitants

Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 1642 — Use of certain proceeds for expenditure; income tax obligations of inhabitants

The proceeds of customs duties, the proceeds of the United States income tax, the proceeds of any taxes levied by the Congress on the inhabitants of the Virgin Islands, and the proceeds of all quarantine, passport, immigration, and naturalization fees collected in the Virgin Islands, (less the cost of collecting such duties, taxes and fees as may be directly attributable (as certified by the Comptroller of the Virgin Islands) to the importation of petroleum products until January 1, 1982: Provided, That any other retained costs not heretofore remitted pursuant to the Act of August 18, 1978, shall be immediately remitted to the Treasury of the Virgin Islands notwithstanding any other provision of law) shall be covered into the treasury of the Virgin Islands, and shall be available for expenditure as the Legislature of the Virgin Islands may provide: Provided, That the term “inhabitants of the Virgin Islands” as used in this section shall include all persons whose permanent residence is in the Virgin Islands, and such persons shall satisfy their income tax obligations under applicable taxing statutes of the United States by paying their tax on income derived from all sources both within and outside the Virgin Islands into the treasury of the Virgin Islands: Provided further, That nothing in this chapter shall be construed to apply to any tax specified in section 3811 of the Internal Revenue Code.

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Source file: Laws/federal/codes/united-states-code/title-48/section-1642-use-of-certain-proceeds-for-expenditure-income-tax-obligations-of-inhabi--212243e248.md
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Source location: Title 48, Chapter 12, § 1642; chapter-012-virgin-islands-1954.md

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Federal law — U.S. Code and appendices · legal_authorities

16 U.S.C. § 410dd — Establishment

**(a) Statement of purposes** In order to commemorate the bravery and sacrifice of those participating in the campaigns of the Pacific theater of World War II and to conserve and interpret outstanding natural, scenic, and historic values and objects on the island of Guam for the benefit and enjoyment of present and future generations, the War in the Pacific National Historical Park (hereinafter in this section referred to as the “park”) is hereby established. **(b) Boundaries; revisions of boundary; publication in Federal Register** The boundaries of the park shall be as generally depicted on the drawing entitled “Boundary Map, War in the Pacific National Historical Park, Guam” numbered P–24–80,000–B and dated March 1978, which shall be on file and available for inspection in the offices of the National Park Service, Department of the Interior. Following ninety days notice to the Committee on Natural Resources of the House of Representatives and to the Committee on Energy and Natural Resources of the Senate, the Secretary may make minor revisions of the boundary of the park by publication of a revised map in the Federal Register. **(c) Acquisition of lands and interests therein; manner of acquisition** Within the boundaries of the park, the Secretary may acquire lands and interests therein by donation, purchase with donated or appropriated funds, exchange, or transfer. **(d) Identification, etc., of other points relevant to park** Other points on the island of Guam relevant to the park may be identified, established, and marked by the Secretary in agreement with the Governor of Guam. **(e) Administration of property** The Secretary shall administer property acquired in accordance with the laws generally applicable to the management of units of the National Park Syst

Source: Supplied U.S. Code snapshot — release unconfirmed · 16 U.S.C. § 410dd

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48 U.S.C. § 1541 — Organization and status

**(a) Composition and territorial designation** The provisions of this chapter and the name “Virgin Islands” as used in this chapter, shall apply to and include the territorial domain, islands, cays, and waters acquired by the United States through cession of the Danish West Indian Islands by the convention between the United States of America and His Majesty the King of Denmark entered into August 4, 1916, and ratified by the Senate on September 7, 1916 (39 Stat. 1706). The Virgin Islands as above described are declared an unincorporated territory of the United States of America. **(b) Powers and legal status of government; capital and seat of government** The government of the Virgin Islands shall have the powers set forth in this chapter and shall have the right to sue by such name and in cases arising out of contract, to be sued: Provided, That no tort action shall be brought against the government of the Virgin Islands or against any officer or employee thereof in his official capacity without the consent of the legislature constituted by this chapter. The capital and seat of government of the Virgin Islands shall be located at the city of Charlotte Amalie, in the island of Saint Thomas. **(c) Administrative supervision by Secretary of the Interior** The relations between such government and the Federal Government in all matters not the program responsibility of another Federal department or agency shall be under the general administrative supervision of the Secretary of the Interior.

Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1541

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Federal law — U.S. Code and appendices · legal_authorities

26 U.S.C. § 1 — Tax imposed

**(a) Married individuals filing joint returns and surviving spouses** There is hereby imposed on the taxable income of— (1) every married individual (as defined in section 7703) who makes a single return jointly with his spouse under section 6013, and (2) every surviving spouse (as defined in section 2(a)), a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $36,90015% of taxable income. Over $36,900 but not over $89,150$5,535, plus 28% of the excess over $36,900. Over $89,150 but not over $140,000$20,165, plus 31% of the excess over $89,150. Over $140,000 but not over $250,000$35,928.50, plus 36% of the excess over $140,000. Over $250,000$75,528.50, plus 39.6% of the excess over $250,000. **(b) Heads of households** There is hereby imposed on the taxable income of every head of a household (as defined in section 2(b)) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $29,60015% of taxable income. Over $29,600 but not over $76,400$4,440, plus 28% of the excess over $29,600. Over $76,400 but not over $127,500$17,544, plus 31% of the excess over $76,400. Over $127,500 but not over $250,000$33,385, plus 36% of the excess over $127,500. Over $250,000$77,485, plus 39.6% of the excess over $250,000. **(c) Unmarried individuals (other than surviving spouses and heads of households)** There is hereby imposed on the taxable income of every individual (other than a surviving spouse as defined in section 2(a) or the head of a household as defined in section 2(b)) who is not a married individual (as defined in section 7703) a tax determined in accordance with the following table: If taxable income is:The tax is: Not over $22,10015% of taxable income. Over $22,100 but not over $53,50

Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 1

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Federal law — U.S. Code and appendices · legal_authorities

26 U.S.C. § 7651 — Administration and collection of taxes in possessions

Except as otherwise provided in this subchapter, and except as otherwise provided in section 28(a) of the Revised Organic Act of the Virgin Islands and section 30 of the Organic Act of Guam (relating to the covering of the proceeds of certain taxes into the treasuries of the Virgin Islands and Guam, respectively)— (1) **Applicability of administrative provisions** — All provisions of the laws of the United States applicable to the assessment and collection of any tax imposed by this title or of any other liability arising under this title (including penalties) shall, in respect of such tax or liability, extend to and be applicable in any possession of the United States in the same manner and to the same extent as if such possession were a State, and as if the term “United States” when used in a geographical sense included such possession. (2) **Tax imposed in possession** — In the case of any tax which is imposed by this title in any possession of the United States— (A) *Internal revenue collections* — Such tax shall be collected under the direction of the Secretary, and shall be paid into the Treasury of the United States as internal revenue collections; and (B) *Applicable laws* — All provisions of the laws of the United States applicable to the administration, collection, and enforcement of such tax (including penalties) shall, in respect of such tax, extend to and be applicable in such possession of the United States in the same manner and to the same extent as if such possession were a State, and as if the term “United States” when used in a geographical sense included such possession. (3) **Other laws relating to possessions** — This section shall apply notwithstanding any other provision of law relating to any possession of the United States. (4) **Virg

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Federal law — U.S. Code and appendices · legal_authorities

26 U.S.C. § 934 — Limitation on reduction in income tax liability incurred to the Virgin Islands

**(a) General rule** Tax liability incurred to the Virgin Islands pursuant to this subtitle, as made applicable in the Virgin Islands by the Act entitled “An Act making appropriations for the naval service for the fiscal year ending June 30, 1922, and for other purposes”, approved July 12, 1921 ([48 U.S.C. 1397](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1397&num=0&edition=prelim)), or pursuant to section 28(a) of the Revised Organic Act of the Virgin Islands, approved July 22, 1954 ([48 U.S.C. 1642](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1642&num=0&edition=prelim)), shall not be reduced or remitted in any way, directly or indirectly, whether by grant, subsidy, or other similar payment, by any law enacted in the Virgin Islands, except to the extent provided in subsection (b). **(b) Reductions permitted with respect to certain income** (1) **In general** — Except as provided in paragraph (2), subsection (a) shall not apply with respect to so much of the tax liability referred to in subsection (a) as is attributable to income derived from sources within the Virgin Islands or income effectively connected with the conduct of a trade or business within the Virgin Islands. (2) **Exception for liability paid by citizens or residents of the United States** — Paragraph (1) shall not apply to any liability payable to the Virgin Islands under section 932(b). (3) **Special rule for non-United States income of certain foreign corporations** (A) *In general* — In the case of a qualified foreign corporation, subsection (a) shall not apply with respect to so much of the tax liability referred to in subsection (a) as is attributable to income which is derived from sources outside the United States and which is

Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 934

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Federal law — U.S. Code and appendices · legal_authorities

26 U.S.C. § 957 — Controlled foreign corporations; United States persons

**(a) General rule** For purposes of this title, the term “controlled foreign corporation” means any foreign corporation if more than 50 percent of— (1) the total combined voting power of all classes of stock of such corporation entitled to vote, or (2) the total value of the stock of such corporation, is owned (within the meaning of section 958(a)), or is considered as owned by applying the rules of ownership of section 958(b), by United States shareholders on any day during the taxable year of such foreign corporation. **(b) Special rule for insurance** For purposes only of taking into account income described in section 953(a) (relating to insurance income), the term “controlled foreign corporation” includes not only a foreign corporation as defined by subsection (a) but also one of which more than 25 percent of the total combined voting power of all classes of stock (or more than 25 percent of the total value of stock) is owned (within the meaning of section 958(a)), or is considered as owned by applying the rules of ownership of section 958(b), by United States shareholders on any day during the taxable year of such corporation, if the gross amount of premiums or other consideration in respect of the reinsurance or the issuing of insurance or annuity contracts not described in section 953(e)(2) exceeds 75 percent of the gross amount of all premiums or other consideration in respect of all risks. **(c) United States person** For purposes of this subpart, the term “United States person” has the meaning assigned to it by section 7701(a)(30) except that— (1) with respect to a corporation organized under the laws of the Commonwealth of Puerto Rico, such term does not include an individual who is a bona fide resident of Puerto Rico, if a dividend received by such in

Source: Supplied U.S. Code snapshot — release unconfirmed · 26 U.S.C. § 957

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Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 1398 — Omitted

### Statutory Notes #### Codification Section, act July 1, 1922, ch. 259, 42 Stat. 788, which related to quarantine and passport fees, was from the Navy Department and Naval Service Appropriation Act, 1923, was not repeated in subsequent years. See [section 1642 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1642&num=0&edition=prelim).

Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1398

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Federal law — U.S. Code and appendices · legal_authorities

48 U.S.C. § 1642 — Use of certain proceeds for expenditure;

Page 162 TITLE 48—TERRITORIES AND INSULAR POSSESSIONS § 1632 Editorial Notes REFERENCES IN TEXT Section 26, referred to in subsec. (d), probably means section 26 of S. 3378 (act July 22, 1954, ch. 558, 68 Stat. 497) prior to the submission of S. 3378 to the Conference Committee which redesignated section 26 as section 28 of S. 3378. Said section 28 was composed of subsecs. (a) to (d). Subsecs. (a), (c), and (d) thereof enacted sections 1642, 1643, and 1644 of this title, respectively. Subsec. (b) thereof added subsec. (c) to section 3350 of former Title 26, Internal Revenue Code. Reference to section 3350(c) of former Title 26 is deemed a reference to section 7652(b)(3) of Title 26, Internal Revenue Code. See sec- tion 7852(b) of Title 26, Internal Revenue Code, which provides that any reference in any other law to a provi- sion of the Internal Revenue Code of 1939 be deemed a reference to the corresponding provisions of the Inter- nal Revenue Code of 1986. Statutory Notes and Related Subsidiaries AGREEMENT REGARDING FINANCIAL ACCOUNTABILITY AND PERFORMANCE STANDARDS Pub. L. 106–84, § 2, Oct. 28, 1999, 113 Stat. 1295, provided that: ‘‘(a) IN GENERAL.—The Secretary of the Interior is au- thorized to enter into an agreement with the Governor of the Virgin Islands establishing mutually agreed fi- nancial accountability and performance standards for the fiscal operations of the Government of the Virgin Islands. ‘‘(b) TRANSMISSION TO CONGRESS.—Upon ratification of the agreement authorized in subsection (a) by both parties, the Secretary shall forward a copy of the agreement to the Committee on Resources [now Com- mittee on Natural Resources] in the House of Rep- resentatives and the Committee on Energy and Natural Resources in the Senate.’’ § 1632.

Source: Supplied 2024 U.S. Code historical extraction · 48 U.S.C. § 1642

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