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LegalText 48 U.S.C. § 741 Export duties, taxes, etc.; bonds to anticipate revenues us united_states_code code_section 48 TERRITORIES AND INSULAR POSSESSIONS 4 PUERTO RICO 741 48 U.S.C. § 741 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc48@119-100.zip /us/usc/t48/s741 data/legal/raw/us/code/title-48/usc48.xml c193fabf6067316d90397ab772b690daa8b792453b30a57743eb4bf02925725d 2f9a72ec272e6666d7f55f52cc3186aefc6368ca4cc2b9053a531de2fb9288c2 5248d50e31213c699a41724feec7fdd1acd4b8d838f40b2063d52658501b6230 2026-07-04 official
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48 U.S.C. § 741 - Export duties, taxes, etc.; bonds to anticipate revenues

Text

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, § 3, 39 Stat. 953; Feb. 3, 1921, ch. 34, § 2, 41 Stat. 1096; Mar. 4, 1927, ch. 503, § 1, 44 Stat. 1418; Aug. 26, 1937, ch. 831, 50 Stat. 843.)

Notes

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 sections 741a and 745 of this title.

Prior ProvisionsProvisions similar to those in this section were contained in act Apr. 12, 1900, ch. 191, § 38, 31 Stat. 86.

Amendments1937—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.