§ 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
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/usc/title-48/section-1421hA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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, § 30, 64 Stat. 392; Pub. L. 86–778, title I, § 103(u), Sept. 13, 1960, 74 Stat. 941; Pub. L. 95–348, § 1(c), Aug. 18, 1978, 92 Stat. 488; Pub. L. 98–454, title VI, § 601(h), Oct. 5, 1984, 98 Stat. 1736; Pub. L. 99–514, § 2, Oct. 22, 1986, 100 Stat. 2095.)
Connections27 cite this · traces to 2
Cited by 27 sections · top 25
U.S. Code
- § 1305Short title of chapter
- § 1621Definitions
- § 7651Administration and collection of taxes in possessions
- § 7653Shipments from the United States
- § 1423aPower of legislature; limitation on indebtedness of Guam; bond issues; guarantees for purchase by Federal Financing Bank of Guam Power Authority bonds or other obligations; interest rates; default
- § 1703GUAM WORLD WAR II CLAIMS FUND.
statutes-at-large
- Public Law 95–348To authorize appropriations for certain insular areas of the United States, and for other purposes
- Public Law 98–454To enhance the economic development of Guam, the Virgin Islands, American Samoa, the Northern Mariana Islands, and for other purposes
- Public Law 776
- Public Law 96–126Making appropriations for the Department of the Interior and related agencies for the fiscal year ending September 30, 1980, and for other purposes
- Public Law 94–395To provide assistance to the Government of Guam, to guarantee certain obligations of the Guam Power Authority, and for other purposes
- Public Law 114–328To authorize appropriations for fiscal year 2017 for military activities of the Department of Defense, for military construction, and for defense activities of the Department of Energy, to prescribe military personnel strengths for such fiscal year, and for other purposes
- Public Law 96–205To authorize appropriations for certain insular areas of the United States, and for other purposes
statute-compilations
bill
- Sec. 11Guam World War II Loyalty Recognition Act
- Sec. 3Guam World War II Claims Fund
- Sec. 12Guam War Claims Review Commission
- Sec. 12Guam War Claims Review Commission
- Sec. 3Guam World War II Claims Fund
- Sec. 7303Guam World War II Claims Fund
- Sec. 7303Guam World War II Claims Fund
- Sec. 7303Guam World War II Claims Fund
- Sec. 1703Guam World War II Claims Fund
21 references not yet in our index
- Public Law 94–395
- 90 Stat. 1199
- Public Law 88–170
- 82 Stat. 863
- Aug. 1, 1950, ch. 512, § 30
- 64 Stat. 392
- Pub. L. 86–778, title I, § 103(u)
- 74 Stat. 941
- Pub. L. 95–348, § 1(c)
- 92 Stat. 488
- Pub. L. 98–454, title VI, § 601(h)
- 98 Stat. 1736
- Pub. L. 99–514, § 2
- 100 Stat. 2095
- Pub. L. 88–170
- 77 Stat. 302
- Pub. L. 90–511
- Pub. L. 99–514
- Pub. L. 98–454
- Pub. L. 95–348
- Pub. L. 86–778
Citation graph
cites case law
§ 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
Bills×9
Stat.×9
U.S.C.×6
C.F.R.×1
Pub. L.×1
Stat. Comp.×1
Pub. L.Public Law 94–395
Stat.90 Stat. 1199
Pub. L.Public Law 88–170
Stat.82 Stat. 863
ActAug. 1, 1950, ch. 512, § 30
Cites 23 · showing 7Cited by 27 across 6 sources