
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 48USC1421h]

 
              TITLE 48--TERRITORIES AND INSULAR POSSESSIONS
 
                            CHAPTER 8A--GUAM
 
                    SUBCHAPTER I--GENERAL PROVISIONS
 
Sec. 1421h. Duties, taxes, and fees; proceeds collected to 
        constitute fund for benefit of Guam; prerequisites, amount, 
        etc., remitted prior to commencement of next fiscal year
        
    All customs duties and Federal income taxes derived from Guam, the 
proceeds of all taxes collected under the internal-revenue laws of the 
United States on articles produced in Guam and transported to the United 
States, its Territories, or possessions, or consumed in Guam, and the 
proceeds of any other taxes which may be levied by the Congress on the 
inhabitants of Guam (including, but not limited to, compensation paid to 
members of the Armed Forces and pensions paid to retired civilians and 
military employees of the United States, or their survivors, who are 
residents of, or who are domiciled in, Guam), and all quarantine, 
passport, immigration, and naturalization fees collected in Guam shall 
be covered into the treasury of Guam and held in account for the 
government of Guam, and shall be expended for the benefit and government 
of Guam in accordance with the annual budgets; except that nothing in 
this chapter shall be construed to apply to any tax imposed by chapter 2 
or 21 of the Internal Revenue Code of 1986 [26 U.S.C. 1401 et seq., 3101 
et seq.]. Beginning as soon as the government of Guam enacts legislation 
establishing a fiscal year commencing on October 1 and ending on 
September 30, the Secretary of the Treasury, prior to the commencement 
of any fiscal year, shall remit to the government of Guam the amount of 
duties, taxes, and fees which the governor of Guam, with the concurrence 
of the government comptroller of Guam, has estimated will be collected 
in or derived from Guam under this section during the next fiscal year, 
except for those sums covered directly upon collection into the treasury 
of Guam. The Secretary of the Treasury shall deduct from or add to the 
amounts so remitted the difference between the amount of duties, taxes, 
and fees actually collected during the prior fiscal year and the amount 
of such duties, taxes, and fees as estimated and remitted at the 
beginning of that prior fiscal year, including any deductions which may 
be required as a result of the operation of Public Law 94-395 (90 Stat. 
1199) or Public Law 88-170, as amended (82 Stat. 863).

(Aug. 1, 1950, ch. 512, Sec. 30, 64 Stat. 392; Pub. L. 86-778, title I, 
Sec. 103(u), Sept. 13, 1960, 74 Stat. 941; Pub. L. 95-348, Sec. 1(c), 
Aug. 18, 1978, 92 Stat. 488; Pub. L. 98-454, title VI, Sec. 601(h), Oct. 
5, 1984, 98 Stat. 1736; Pub. L. 99-514, Sec. 2, Oct. 22, 1986, 100 Stat. 
2095.)

                       References in Text

    The internal-revenue laws of the United States, referred to in text, 
are classified generally to Title 26, Internal Revenue Code.
    Public Law 94-395 (90 Stat. 1199), referred to in text, was enacted 
Sept. 3, 1976, and amended section 1423a of this title.
    Public Law 88-170, as amended (82 Stat. 863), referred to in text, 
is Pub. L. 88-170, Nov. 4, 1963, 77 Stat. 302, as amended by Pub. L. 90-
511, Sept. 24, 1968, 82 Stat. 863, which is not classified to the Code.


                               Amendments

    1986--Pub. L. 99-514 substituted ``Internal Revenue Code of 1986'' 
for ``Internal Revenue Code of 1954''.
    1984--Pub. L. 98-454 inserted ``(including, but not limited to, 
compensation paid to members of the Armed Forces and pensions paid to 
retired civilians and military employees of the United States, or their 
survivors, who are residents of, or who are domiciled in, Guam)'' after 
``inhabitants of Guam'' in first sentence.
    1978--Pub. L. 95-348 inserted provisions relating to authorization, 
amount, computation, etc., of remittance, prior to commencement of any 
fiscal year, of duties, taxes, and fees to be collected in or derived 
from Guam under this section during that next fiscal year.
    1960--Pub. L. 86-778 inserted clause providing that nothing in this 
chapter shall be construed to apply to any tax imposed by chapter 2 or 
21 of title 26.


                            Cross References

    Payment to Guam of proceeds of tax collected on coconut and palm 
oil, see section 7653 of Title 26, Internal Revenue Code.

                  Section Referred to in Other Sections

    This section is referred to in section 1423a of this title; title 26 
section 7651.
