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