A bill to amend the Organic Act of Guam and the Revised Organic Act of the Virgin Islands, and for other purposes.

[AI summary unavailable — showing source text] Amends the Organic Act of Guam, the Revised Organic Act of the Virgin Islands, and the Internal Revenue Code to repeal the current tax system to such territories, under which inhabitants satisfy their Federal income tax obligations by paying such taxes into the territorial treasuries. Imposes the same Federal taxes on inhabitants of Guam, the Virgin Islands and American Samoa as those imposed on citizens of the United States. Authorizes the Governments of Guam, American Samoa, and the Virgin Islands to impose such taxes on income as the respective legislatures may deem appropriate. Authorizes such Governments to enter into agreements with the Secretary of the Treasury for Federal collection of any such taxes. Specifies taxes and customs duties to be covered into the treasury of American Samoa.…