Notes on 48 U.S.C. § 1397 : US Code - Notes

Search Notes on 48 U.S.C. § 1397 : US Code - Notes

(July 12, 1921, ch. 44, Sec. 1, 42 Stat. 123; Pub. L. 94-392, Sec.
5, Aug. 19, 1976, 90 Stat. 1195.)
REFERENCES IN TEXT
The income-tax laws in force in the United States of America,
referred to in text, are classified to Title 26, Internal Revenue
Code.
CODIFICATION
Section is from act July 12, 1921, popularly known as the Naval
Service Appropriation Act, 1922.
AMENDMENTS
1976 - Pub. L. 94-392 inserted proviso authorizing Legislature of
Virgin Islands to levy a surtax, not to exceed 10 per centum, on
annual income tax obligation of all taxpayers.
APPLICATION OF WESTERN HEMISPHERE TRADE CORPORATION PROVISION UNDER
THE VIRGIN ISLANDS TAX LAWS
Pub. L. 92-178, title III, Sec. 307, Dec. 10, 1971, 85 Stat. 524,
provided that for purposes of applying the income tax laws of the
United States with respect to the Virgin Islands under this
section, subpart C of part III of subchapter N of chapter 1 of the
Internal Revenue Code of 1954 [former 26 U.S.C. 921, 922] (relating
to Western Hemisphere Trade Corporations) shall be treated as
having been repealed effective with respect to taxable years
beginning after Dec. 10, 1971.