
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 48USC741]

 
              TITLE 48--TERRITORIES AND INSULAR POSSESSIONS
 
                         CHAPTER 4--PUERTO RICO
 
                    SUBCHAPTER I--GENERAL PROVISIONS
 
Sec. 741. Export duties, taxes, etc.; bonds to anticipate 
        revenues
        
    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, Sec. 3, 39 Stat. 953; Feb. 3, 1921, ch. 34, 
Sec. 2, 41 Stat. 1096; Mar. 4, 1927, ch. 503, Sec. 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, Sec. 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.
