48 U.S.C. § 1642 : US Code - Section 1642: Use of certain proceeds for expenditure; income tax obligations of inhabitants

Search 48 U.S.C. § 1642 : US Code - Section 1642: Use of certain proceeds for expenditure; income tax obligations of inhabitants

The 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 January 1, 1982: Provided,
That any other retained costs not heretofore remitted pursuant to
the Act of August 18, 1978, 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: Provided, 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: Provided
further, That nothing in this chapter shall be construed to apply
to any tax specified in section 3811 of the Internal Revenue Code.