No export duties shall be levied or collected on exports from Puerto Rico, but taxes and assessments on property, income taxes, internal revenue, and license fees, and royalties for franchises, privileges, and concessions may be imposed for the purposes of the insular and municipal governments, respectively, as may be provided and defined by the Legislature of Puerto Rico; and when necessary to anticipate taxes and revenues, bonds and other obligations may be issued by Puerto Rico or any municipal government therein as may be provided by law, and to protect the public credit.
Mar. 2, 1917, ch. 145, § 339 Stat. 953Feb. 3, 1921, ch. 34, § 241 Stat. 1096Mar. 4, 1927, ch. 503, § 144 Stat. 1418Aug. 26, 1937, ch. 83150 Stat. 843(, ; , ; , ; , .)
Editorial Notes
Codification
Section is comprised of first part of section 3 of act , down to the proviso clause. The remainder of section 3 is classified to sections 741a and 745 of this title.
Prior Provisions
act Apr. 12, 1900, ch. 191, § 3831 Stat. 86Provisions similar to those in this section were contained in , .
Amendments
1937—Act , reenacted section without substantive change.
1927—Act , inserted imposition of income taxes.
1921—Act , reenacted section without change.