Title 48 — Territories and Insular PossessionsRelease 119-73not60
§741 Export Duties, Taxes, Etc.; Bonds to Anticipate Revenues
Title 48 › Chapter 4— PUERTO RICO › Subchapter I— GENERAL PROVISIONS › § 741
Summary
No taxes may be charged on goods exported from Puerto Rico. Puerto Rico's legislature may let the territorial and local governments collect property, income, internal-revenue taxes, license fees, and royalties, and issue bonds or other debt to anticipate revenues and protect public credit.
Full Legal Text
Title 48, §741
Territories and Insular Possessions — Source: USLM XML via OLRC
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.
Legislative History
Notes & Related Subsidiaries
Editorial Notes
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 section 741a and 745 of this title.
Prior Provisions
Provisions similar to those in this section were contained in act Apr. 12, 1900, ch. 191, § 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.
Reference
Citations & Metadata
Citation
48 U.S.C. § 741
Title 48 — Territories and Insular Possessions
Last Updated
Apr 5, 2026
Release point: 119-73not60