Article VII — Fiscal Provisions
6 sections · 0 paragraphs in this article.
The U.S. Virgin Islands has no constitution of its own — five constitutional conventions have failed to produce one. The federal Revised Organic Act of 1954 serves as its founding charter, establishing the three branches of the territorial government and a bill of rights. Codified at 48 U.S.C. ch. 12.
48 U.S.C. § 1641 § 1641. Method of payment of official salaries
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The salaries and travel allowances of the Governor, Lieutenant Governor, the heads of the executive departments, other officers and employees of the government of the Virgin Islands, and the members of the legislature shall be paid by the government of the Virgin Islands at rates…
48 U.S.C. § 1642 § 1642. Use of certain proceeds for expenditure; income tax obligations of inhabitants
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The proceeds of customs duties, the proceeds of the United States income tax, the proceeds of any taxes levied by the Congress on the inhabitants of the Virgin Islands, and the proceeds of all quarantine, passport, immigration, and naturalization fees collected in the Virgin Isla…
48 U.S.C. § 1642a § 1642a. Availability of collected customs duties for expenditures as Legislature may provide
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Notwithstanding any other provision of law, the proceeds of customs duties collected in the Virgin Islands less the cost of collecting all said duties shall, effective for fiscal years beginning after September 30, 1979, be covered into the Treasury of the Virgin Islands, and sha…
48 U.S.C. § 1643 § 1643. Import provisions with respect to trade-marks
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Section 1124 of title 15, and section 1526 of title 19, shall not apply to importations into the Virgin Islands of genuine foreign merchandise bearing a genuine foreign trade-mark, but shall remain applicable to importations of such merchandise from the Virgin Islands into the Un…
48 U.S.C. § 1644 § 1644. Import duties on articles entering United States or possessions from Virgin Islands
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All articles coming into the United States from the Virgin Islands shall be subject to or exempt from duty as provided for in section 1301a 1 of title 19 and subject to internal-revenue taxes as provided for in section 7652(b) of title 26.
48 U.S.C. § 1645 § 1645. Remittance of duties, taxes, and fees to be collected in next fiscal year; authorization, prerequisites, amount, etc.
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Beginning as soon as the government of the Virgin Islands 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 the Virgin Isl…