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.
Statutory Notes and Related Subsidiaries
Application of Western Hemisphere Trade Corporation Provision Under the Virgin Islands Tax Laws
[Pub. L. 92–178, title III, § 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of 1954 [former 26 U.S.C. 921, 922] (relating to Western Hemisphere Trade Corporations) shall be treated as having been repealed effective with respect to taxable years beginning after Dec. 10, 1971.