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48 U.S.C. § 1397 — Income tax laws of United States in force; payment of proceeds; levy of surtax on all taxpayers
Federal law — U.S. Code and appendices · legal_authorities
The income-tax laws in force in the United States of America and those which may hereafter be enacted shall be held to be likewise in force in the Virgin Islands of the United States, except that the proceeds of such taxes shall be paid into the treasuries of said islands: Provided further, That, notwithstanding any other provision of law, the Legislature of the Virgin Islands is authorized to levy a surtax on all taxpayers in an amount not to exceed 10 per centum of their annual income tax obligation to the government of the Virgin Islands.
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Source file: Laws/federal/codes/united-states-code/title-48/section-1397-income-tax-laws-of-united-states-in-force-payment-of-proceeds-levy-of-su--8270cbcf1f.md
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Source location: Title 48, Chapter 7, § 1397; chapter-007-virgin-islands.md
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The income-tax laws in force in the United States of America and those which may hereafter be enacted shall be held to be likewise in force in the Virgin Islands of the United States, except that the proceeds of such taxes shall be paid into the treasuries of said islands: Provided further, That, notwithstanding any other provision of law, the Legislature of the Virgin Islands is authorized to levy a surtax on all taxpayers in an amount not to exceed 10 per centum of their annual income tax obligation to the government of the Virgin Islands.
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Federal law — U.S. Code and appendices · legal_authorities
**(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
**(a) Authorization for issuance; use of proceeds; legislative initiative and binding referendum vote** In addition to the authority conferred by [section 1574(b) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1574/b&num=0&edition=prelim), the legislature of the government of the Virgin Islands is authorized to cause to be issued bonds or other obligations of such government in anticipation of revenues to be received under [section 7652(b)(3) of title 26](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section7652/b/3&num=0&edition=prelim). The proceeds of such bonds or other obligations may be used for any purpose authorized by an act of the legislature. The legislature of the government of the Virgin Islands may initiate, by majority vote of the members, a binding referendum vote to approve or disapprove the amount of any such bond or other obligation and/or any purpose for which such bond or other obligation is authorized.
**(b) Federal guarantee** The legislature of the government of the Virgin Islands may provide, in connection with any issue of bonds or other obligations authorized to be issued under subsection (a) the proceeds of which are to be used for public works or other capital projects, that a guarantee of such bonds or obligations by the United States should be applied for under [section 1574b of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1574b&num=0&edition=prelim).
**(c) Limitations on issuance** Except to the extent inconsistent with the provisions of this Act, the provisions of [section 1574(b)(ii) of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1574/b/ii&num=0&edition=prelim) (other than the limita
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1574a
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Application to Secretary of the Interior; contents** When authorized under subsection (b) of [section 1574a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1574a&num=0&edition=prelim), the government of the Virgin Islands may apply to the Secretary of the Interior (hereinafter referred to as the “Secretary”) for a guarantee of any issue of bonds or other obligations authorized to be issued under subsection (a) of [section 1574a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1574a&num=0&edition=prelim). Any such application shall contain such information as the Secretary may prescribe.
**(b) Terms and conditions of guarantee or commitment to guarantee; determination by Secretary of approval** The Secretary is authorized, with the approval of the Secretary of the Treasury, to guarantee and to enter into commitments to guarantee, upon such terms and conditions as he may prescribe, payment of principal and interest on bonds and other obligations issued by the government of the Virgin Islands under subsection (a) of [section 1574a of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title48-section1574a&num=0&edition=prelim). No guarantee or commitment to guarantee shall be made unless the Secretary determines—
(1) that the proceeds of such issue will be used only for public works or other capital projects, except that $28,000,000 of the guaranteed bonding authority will be used for water producing and power projects, including maintenance and overhaul of electrical generating and distribution mechanisms, and $12,000,000 of the guaranteed bonding authority will be used for repair and improvements of the water distribution and storage systems;
(2) taking into
Source: Supplied U.S. Code snapshot — release unconfirmed · 48 U.S.C. § 1574b
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Federal law — U.S. Code and appendices · legal_authorities
Page 87
TITLE 48—TERRITORIES AND INSULAR POSSESSIONS
§ 1400
1 See References in Text note below.
when such articles contain foreign materials which
may be imported directly into the United States free of
duty.
§ 1395. Tax laws continued; tax on sugar
Until Congress shall otherwise provide all laws
now imposing taxes in the said West Indian Is-
lands, including the customs laws and regula-
tions, shall, insofar as compatible with the
changed sovereignty and not otherwise herein
provided, continue in force and effect, except
that articles the growth, product, or manufac-
ture of the United States shall be admitted
there free of duty: Provided, That upon expor-
tation of sugar to any foreign country, or the
shipment thereof to the United States or any of
its possessions, there shall be levied, collected,
and paid thereon an export duty of $6 per ton of
two thousand pounds, irrespective of polariscope
test, in lieu of any export tax now required by
law: Provided further, That the internal revenue
taxes levied by the Colonial Council of Saint
Croix, or by the Colonial Council of Saint Thom-
as and Saint John, in pursuance of the authority
granted by this section and sections 1391,1 1392,
1394, and 1396 of this title on articles, goods,
wares, or merchandise may be levied and col-
lected as the Colonial Council of Saint Croix, or
as the Colonial Council of Saint Thomas and
Saint John, may direct, on the articles subject
to said tax, as soon as the same are manufac-
tured, sold, used, or brought into the island: And
provided further, That no discrimination be made
between the articles imported from the United
States or foreign countries and similar articles
produced or manufactured in the municipality
of Saint Croix, or in the municipality of Saint
Source: Supplied 2024 U.S. Code historical extraction · 48 U.S.C. § 1397
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