48 U.S.C. § 741 : US Code - Section 741: Export duties, taxes, etc.; bonds to anticipate revenues

Search 48 U.S.C. § 741 : US Code - Section 741: Export duties, taxes, etc.; bonds to anticipate revenues

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.