48-U.S.C.-741

§741 – Export Duties, Taxes, Etc.; Bonds to Anticipate Revenues

Pathway

Title 48 > Chapter 4 > Subchapter I > Section 741

Details

• Reference: Section 741
• Legend: §741 – Export Duties, Taxes, Etc.; Bonds to Anticipate Revenues
• USCode Year: 2013

Provision Content

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, §3, 39 Stat. 953; Feb. 3, 1921, ch. 34, §2, 41 Stat. 1096; Mar. 4, 1927, ch. 503, §1, 44 Stat. 1418; Aug. 26, 1937, ch. 831, 50 Stat. 843.)

Codification

Section is comprised of first part of section 3 of act Mar. 2, 1917, down to the proviso clause. The remainder of section 3 is classified to sections 741a and 745 of this title.

Prior Provisions

Provisions similar to those in this section were contained in act Apr. 12, 1900, ch. 191, §38, 31 Stat. 86.

Amendments

1937—Act Aug. 26, 1937, reenacted section without substantive change.

1927—Act Mar. 4, 1927, inserted imposition of income taxes.

1921—Act Feb. 3, 1921, reenacted section without change.

U.S. Encyclopedia of Law Coverage

48-U.S.C.-733A-1 in the Legal Encyclopedia: Territories

In this entry about 48-U.S.C.-733A-1, find legal reference material, bibliographies and premiere content related to territories in the American Encyclopedia of Law, presenting a comprehensive view of the United States territories-specific issues, written by authorities in the field.

48-U.S.C.-731A in the Legal Encyclopedia: Puerto Rico

In this entry about 48-U.S.C.-731A, find legal reference material, bibliographies and premiere content related to puerto rico in the American Encyclopedia of Law, presenting a comprehensive view of the United States puerto rico-specific issues, written by authorities in the field.

Topic Map

• Browse the Topic Map in relation with Title 48 (Territories And Insular Possessions) guided by subject interests.