§ 931.
Income from sources within Guam, American Samoa, or the Northern Mariana Islands
(a)
General rule
In the case of an individual who is a bona fide resident of a specified possession during the entire taxable year, gross income shall not include—
(1)
income derived from sources within any specified possession, and
(2)
income effectively connected with the conduct of a trade or business by such individual within any specified possession.
(b)
Deductions, etc. allocable to excluded amounts not allowable
An individual shall not be allowed—
(1)
as a deduction from gross income any deductions (other than the deduction under section 151, relating to personal exemptions), or
properly allocable or chargeable against amounts excluded from gross income under this section.
([Aug. 16, 1954, ch. 736], [68A Stat. 291]; [Pub. L. 89–809, title I, § 107(a)], Nov. 13, 1966, [80 Stat. 1571]; [Pub. L. 92–178, title V, § 502(d)], Dec. 10, 1971, [85 Stat. 550]; [Pub. L. 92–606, § 1(f)(1)], Oct. 31, 1972, [86 Stat. 1497]; [Pub. L. 94–455, title X, § 1051(c)], title XIX, §§ 1901(a)(117), 1906(b)(13)(A), Oct. 4, 1976, [90 Stat. 1645], 1784, 1834; [Pub. L. 95–30, title I, § 101(d)(12)], May 23, 1977, [91 Stat. 134]; [Pub. L. 98–369, div. A, title VII, § 711(c)(2)(A)(iv)], July 18, 1984, [98 Stat. 945]; [Pub. L. 99–514, title XII, § 1272(a)], Oct. 22, 1986, [100 Stat. 2593]; [Pub. L. 108–357, title VIII, § 908(c)(1)], Oct. 22, 2004, [118 Stat. 1656].)