26 U.S.C. § 931 : US Code - Section 931: Income from sources within Guam, American Samoa, or the Northern Mariana Islands

Search 26 U.S.C. § 931 : US Code - Section 931: Income from sources within Guam, American Samoa, or the Northern Mariana Islands

(a) General rule
In the case of an individual who is a bona fide resident of a
specified possession during the entire taxable year, gross income
shall not include -
(1) income derived from sources within any specified
possession, and
(2) income effectively connected with the conduct of a trade or
business by such individual within any specified possession.
(b) Deductions, etc. allocable to excluded amounts not allowable
An individual shall not be allowed -
(1) as a deduction from gross income any deductions (other than
the deduction under section 151, relating to personal
exemptions), or
(2) any credit,
properly allocable or chargeable against amounts excluded from
gross income under this section.
(c) Specified possession
For purposes of this section, the term "specified possession"
means Guam, American Samoa, and the Northern Mariana Islands.
(d) Employees of the United States
Amounts paid for services performed as an employee of the United
States (or any agency thereof) shall be treated as not described in
paragraph (1) or (2) of subsection (a).