48 USC 1401e: Exemptions from taxation; authority of municipalities to alter, amend, or repeal existing laws
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48 USC 1401e: Exemptions from taxation; authority of municipalities to alter, amend, or repeal existing laws Text contains those laws in effect on January 2, 2001
From Title 48-TERRITORIES AND INSULAR POSSESSIONSCHAPTER 7-VIRGIN ISLANDSSUBCHAPTER I-GENERAL PROVISIONS
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§1401e. Exemptions from taxation; authority of municipalities to alter, amend, or repeal existing laws

Nothing in sections 1401 to 1401e of this title shall be construed as altering, amending, or repealing exemptions from taxation, existing on May 26, 1936, of property used for educational, charitable, or religious purposes. Subject to the provisions of said sections, the legislative authority of the respective municipalities is empowered to alter, amend, or repeal, subject to the approval of the Governor, any law imposing taxes on real and personal property on May 26, 1936.

(May 26, 1936, ch. 450, §6, 49 Stat. 1373 .)

Section Referred to in Other Sections

This section is referred to in section 1401b of this title.