§1406i Taxes and fees; power to assess and collect; ports of entry; export duties

Summary

The Virgin Islands government can set and collect taxes, license and service fees, and royalties from franchises or concessions as the local municipal councils decide. Money raised for a special purpose must stay in its own fund and be spent only for that purpose, unless the local legislature agrees to use it differently after the purpose is finished. Until Congress changes the rules, the import and customs laws that apply in Saint Thomas and Saint John will apply to the whole Virgin Islands. The Secretary of the Treasury must name the ports and sub‑ports, make the needed customs rules, hire officers and staff, set their pay, and pay their wages and other customs costs from the customs receipts. Export duties in effect on June 22, 1936 may be cut, removed, or put back by the local municipal council, but no new export duties can be created in the Virgin Islands except by Congress.