the Congress as . fate, but hease pene he ° dations Coes ne ; | Authority con- ial operafinanc d by mn as funde ‘he Secretary of ory Committee Trust Territory Bureau of the held and the fitory operations nent projects is ssident’s Budget 3. Congress each. g, and expend- l three levels of 1, district, and \uthorization for incial operations Trust Territory 48 and Chapter its control and ome d an sofinc the pe s sdeatfined onon titi rara rust Territory wnicipal level by is requiredEach ibilities. tions acts become law, and expelj we not . , “qunicipalities to impose and colect : : : othe ‘ enter 0ng cu fiscal excise taxes on any item OF foodstuffs. The district treasurer is responsifenjions. for receiving, maintaining, and disbyl, é ing district government funds distinguished from Trust Territe ue — . . e rm ority vestet e Taxation auth . an annual report of all funds J ct,, and toca ict stri ritona‘l. di‘tr cnaenh delineated in Biemciits 1s eagy e Trust OTe ctions 46 to 48terof 18th of tne oan c Bs Control of fiscal operations at § Rory Code. Chap e fiscal year. d collection of The imposition an ty taxes on any head taxes, proper dstuffs, and such items other than foo atur xation laws. Th b ic als with ta t Feuthority is vested 10 and may ne municipal level rests with the mung pal administration, the district ad istrator having certain district legisl excise taxes as the ed, however may supervision and approval. OEE officials prepare the annual municipgy eit as follows: e muni provide tax income for th see Part l, including Destrict, Liquor contro are similarly prepared udget based basedon on udget expend them according to approved B imports or volume or value of imports. tax laws. After txclusive issuance of licenses for f 3 9 wholesale businesses other than banks, is a result of administrator’s yposals of indi- trict legislature district in the appropriations ts are submitlinistrator for imports. andi the tight to collect wholesale liquor on fees and to impor taxes in som orauthorize & alcoholic beverages, provided that d] license , is treasurer te, magistra The the s instance approved. on shail be based to collect taxes and license fees andi: ‘ Me neither of these pality schedules and budgets. Revenues and — expenditures municipalities and district ments which prepared gover credit union and cooperatives, insur budgets for’ 3 alice, sale of securities and public fiscal year 1967 appear in tables if: utiitics. including the exclusive night fees for such licenses, Pro Appendix IV. A comparative statege to collect ment of revenues and expenditures¥e vided these are not based on imports also is given in Appendix IV. Part VI—Economic Advancement, E or the volume or value of imports. provid imports, OF the control of budget and refer it to the municipg yperritorial. Exclusive council for approval before it is tray import, export, and income taxes se tae mitted to the district administrator f including any so-called exci ted on ally tus. Prescoenlltectaxes are (a) siicsh ofareimpoacrt intigthllpawh esedis vi th ad d an of ist on ti ass als ra ici st ni Off admi ification. rat ion, the use, distribut an cxeise tax on an de ) bu (b l, e th fue e of icl ion e of molot veh sal gr original preparat (9% e ed an ir ll, qu re ochus she copr x on tatal such assistance is pendbu (c)tr general impor , an d a, pu yE ex where in ruprt ime ur@l e gc it dg ex nt ed of te ov es e ex pr rmted. th tees dequ | The ap re these [XS s. ror nrates of te taxe ti ng ri r 2. du y e l io all ap , ct pa nu Ch 4, loc Se ci ve VI re muni made calh ye from fis maary be whic ciiiy s Tax and license fee schedule whi ch authorize; shall be base on that none of these value or volume 0 eyercised by the three levels of gov powers MB municipality ct laws. territorial or distri . treasurer is required by law to submim th : € nesses within r, , to all applicable howeve ‘act. t, subjec TAXA TION the direction and supervision of district administrator. The distrg receives and disburses during and o Municipal and Local. tail DUS Dt collecting license fees of retail , Chapter 2 Government funds. Heis appointed ung 146 district legisla B ture and serves . and the author sales taxes the year under review the . oy did itures are made in accordance , i . crative Pe ions. provis their f : tion of “ul The imposition and collec izing of . ea such adopts action. Upon approval, the approg ae nited States. The on, no disFor purposes of taxati domestic n ee tw be tinction is made ies > an mp co n eig companies and for iness in organizations doing bus ject ° ally sub Territory; all .are equ es and o tut applicable taxing sta d in elec an by nances imposed government. The within each level of now have income Territory does not es, corporation taxes, dividend tax taxes, nor is ther profit taxes, or hut oF po itation any Territory-wide cap rly ad tax is the most nea tax. The he ronesia varying in universal tax in Mic $10, averaging $2 amount from $1 to levied on males 18 to $3, and generally In two districts; years of age OF older. rnments levy rea some municipal gove other distric e On property taxes. levies cattle taxes. the Territoria Except for taxes s, district an Government impose imposed by dismunicipal taxes are pal ordinances ici trict laws and mun pective legislative passed by the res bodies. 39 Fiscal Year 1968 i