Title 48 — Territories and Insular Possessions
Chapter 7 — Virgin Islands
§ 1397. Income tax laws of United States in force; payment of proceeds; levy of surtax on all taxpayers
Statutory text
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.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 67–44 § 1 · 42 Stat. 122
Enacted · 48 U.S.C. § 1397
July 12, 1921, ch. 44, § 1, 42 Stat. 123
Source evidence
Code source credit
July 12, 1921, ch. 44, § 1, 42 Stat. 123Pub. L. 94–392 § 5 · 90 Stat. 1192
Inserted · 48 U.S.C. § 1397
Pub. L. 94–392 inserted proviso authorizing Legislature of Virgin Islands to levy a surtax, not to exceed 10 per centum, on annual income tax obligation of all taxpayers
Source evidence
Code amendment note
Pub. L. 94–392 inserted proviso authorizing Legislature of Virgin Islands to levy a surtax, not to exceed 10 per centum, on annual income tax obligation of all taxpayers.Enacted provision · exact public law section
Sec. 5. Chapter 44, section 1, of the Act of July 12, 1921 (42 Stat. 123; 48 U.S.C. 1397), is hereby amended by striking the period at the end thereof and inserting in lieu thereof the following language: “: Provided further,That, notwithstanding any other provision of Income, ten per cent surtax levy. 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.”.
1 of 2 references resolved to an enrolled provision · 1 partial
Editorial Notes
References in Text
The income-tax laws in force in the United States of America, referred to in text, are classified to Title 26, Internal Revenue Code.
Codification
Section is from act , popularly known as the Naval Service Appropriation Act, 1922.
Amendments
1976—Pub. L. 94–392 inserted proviso authorizing Legislature of Virgin Islands to levy a surtax, not to exceed 10 per centum, on annual income tax obligation of all taxpayers.
Statutory Notes and Related Subsidiaries
Application of Western Hemisphere Trade Corporation Provision Under the Virgin Islands Tax Laws
Pub. L. 92–178, title III, § 307, , 85 Stat. 524, provided that for purposes of applying the income tax laws of the United States with respect to the Virgin Islands under this section, subpart C of part III of subchapter N of chapter 1 of the Internal Revenue Code of 1954 [former 26 U.S.C. 921, 922] (relating to Western Hemisphere Trade Corporations) shall be treated as having been repealed effective with respect to taxable years beginning after .
Credits
1921–1976 · 2 acts
- 1921July 12, 1921, ch. 44, § 1, 42 Stat. 123
- 1976Pub. L. 94–392, § 5, , 90 Stat. 1195.
Show as published
(July 12, 1921, ch. 44, § 1, 42 Stat. 123; Pub. L. 94–392, § 5, , 90 Stat. 1195.)