2015 US Code
Title 48 - Territories and Insular Possessions (Sections 1 - 2004)
Chapter 7 - Virgin Islands (Sections 1391 - 1409o)
Subchapter I - General Provisions (Sections 1391 - 1403b)
Sec. 1397 - Income tax laws of United States in force; payment of proceeds; levy of surtax on all taxpayers
| Publication Title | United States Code, 2012 Edition, Supplement 3, Title 48 - TERRITORIES AND INSULAR POSSESSIONS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 48 - TERRITORIES AND INSULAR POSSESSIONS CHAPTER 7 - VIRGIN ISLANDS SUBCHAPTER I - GENERAL PROVISIONS Sec. 1397 - Income tax laws of United States in force; payment of proceeds; levy of surtax on all taxpayers |
| Contains | section 1397 |
| Date | 2015 |
| Laws In Effect As Of Date | January 3, 2016 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | July 12, 1921, ch. 44, §1, 42 Stat. 123; Pub. L. 94-392, §5, Aug. 19, 1976, 90 Stat. 1195. |
| Statutes at Large References | 42 Stat. 123 85 Stat. 524 90 Stat. 1195 |
| Public and Private Laws | Public Law 92-178, Public Law 94-392 |
Download PDF
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.
(July 12, 1921, ch. 44, §1, 42 Stat. 123; Pub. L. 94–392, §5, Aug. 19, 1976, 90 Stat. 1195.)
REFERENCES IN TEXTThe income-tax laws in force in the United States of America, referred to in text, are classified to Title 26, Internal Revenue Code.
CODIFICATIONSection is from act July 12, 1921, popularly known as the Naval Service Appropriation Act, 1922.
AMENDMENTS1976—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.
APPLICATION OF WESTERN HEMISPHERE TRADE CORPORATION PROVISION UNDER THE VIRGIN ISLANDS TAX LAWSPub. L. 92–178, title III, §307, Dec. 10, 1971, 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 Dec. 10, 1971.
Disclaimer: These codes may not be the most recent version. The United States Government Printing Office may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the US site. Please check official sources.
