1994 U.S. Code
Title 48 - TERRITORIES AND INSULAR POSSESSIONS
CHAPTER 7 - VIRGIN ISLANDS
SUBCHAPTER I - GENERAL PROVISIONS
Sec. 1401b - Rate of tax in absence of local laws; regulations by President for assessment and collection pending adoption of local laws
View Metadata| Publication Title | United States Code, 1994 Edition, 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. 1401b - Rate of tax in absence of local laws; regulations by President for assessment and collection pending adoption of local laws |
| Contains | section 1401b |
| Date | 1994 |
| Laws in Effect as of Date | January 4, 1995 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | May 26, 1936, ch. 450, §3, 49 Stat. 1372. |
| Statutes at Large Reference | 49 Stat. 1372 |
§1401b. Rate of tax in absence of local laws; regulations by President for assessment and collection pending adoption of local laws
Until local tax laws conforming to the requirements of sections 1401 to 1401e of this title are in effect in a municipality the tax on real property in such municipality for any calendar year shall be at the rate of 1.25 per centum of the assessed value. If the legislative authority of a municipality failed to enact laws for the levy, assessment, collection, or enforcement of any tax imposed under authority of said sections, within three months after May 26, 1936, the President shall prescribe regulations for the levy, assessment, collection, and enforcement of such tax, which shall be in effect until the legislative authority of such municipality shall make regulations for such purposes.
(May 26, 1936, ch. 450, §3, 49 Stat. 1372.)
Cross ReferencesExcess or additional rate of taxation for servicing outstanding bonds authorized, see section 1403 of this title.
Section Referred to in Other SectionsThis section is referred to in section 1401e of this title.
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 U.S. site. Please check official sources.
