ProvidedProvidedProvided furtherThe 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 : , That any other retained costs not heretofore remitted pursuant to the Act of , 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: , 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: , That nothing in this chapter shall be construed to apply to any tax specified in section 3811 of the Internal Revenue Code.
July 22, 1954, ch. 558, § 28(a)68 Stat. 508Pub. L. 95–348, § 4(c)(3)92 Stat. 491Pub. L. 96–205, title IV, § 403(a)94 Stat. 89(, ; , , ; , , .)
Editorial Notes
References in Text
Pub. L. 95–34892 Stat. 487section 410dd of Title 16Act of , referred to in text, probably means , , , which enacted sections 1645 and 1841 of this title and , Conservation, amended sections 1421h, 1469a, 1575, and 1642 of this title and sections 398a and 398c to 398f of Title 16, and enacted provisions set out as a note under sections 1421, 1641, and 1681 of this title. For complete classification of this Act to the Code, see Tables.
act July 22, 1954, ch. 55868 Stat. 497section 1541 of this titleThis chapter, referred to in text, was in the original “this Act”, meaning , , known as the Revised Organic Act of the Virgin Islands, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under and Tables.
section 7651 of Title 26Pub. L. 99–514, § 2100 Stat. 2095section 1 of Title 26section 7852(b) of Title 26Section 3811 of the Internal Revenue Code, referred to in text, means section 3811 of the Internal Revenue Code of 1939, which was repealed by section 7851 of the Internal Revenue Code of 1954, Title 26. Similar provisions are contained in . The Internal Revenue Code of 1954 was redesignated the Internal Revenue Code of 1986 by , , . For table of comparisons of the 1939 Code to the 1986 Code, see Table I preceding , Internal Revenue Code. See also for provision that references in any other law to a provision of the 1939 Code, unless expressly incompatible with the intent thereof, shall be deemed a reference to the corresponding provision of the 1986 Code.
Codification
Section constitutes subsec. (a) of section 28 of act . Subsec. (b) of section 28 amended section 3350 of former Title 26, Internal Revenue Code, 1939, and subsecs. (c) and (d) thereof are classified to sections 1643 and 1644, respectively, of this title.
Amendments
Pub. L. 96–2051980— inserted provisions relating to deductions for the costs of collecting the duties, taxes, and fees attributable to the importation of petroleum products until , provided that outstanding retained costs are immediately remitted to the Treasury of the Virgin Islands.
Pub. L. 95–3481978— struck out “less the cost of collecting all of said duties, taxes, and fees,” before “shall be covered”.