((a)) ** Taxable years beginning after , but not after ** Except as provided in subsection (c), any person, including an individual, trust, estate, partnership, association, company, or corporation, which is a resident of or which is organized under the laws of the Commonwealth of the Northern Mariana Islands and which is subject to the provisions of section 601 of the Covenant to Establish the Commonwealth of the Northern Mariana Islands in Political Union with the United States (), shall be exempted from the requirements of such section with respect to income derived from sources within the Commonwealth of the Northern Mariana Islands for taxable years beginning after , until, but not after, . Nothing in this section shall be construed as relieving such person from the obligation to comply with the requirements of section 601 with respect to income derived from sources outside of the Commonwealth of the Northern Mariana Islands.Public Law 94–241December 31, 19781978-12-31January 1, 19851985-01-01

((b)) ** Taxable years beginning after , and before ** Except as provided in subsection (c), any person, including an individual, trust, estate, partnership, association, company, or corporation, which is a resident of or which is organized under the laws of the Commonwealth of the Northern Mariana Islands and which is subject to the provisions of section 601 of the Covenant to Establish the Commonwealth of the Northern Mariana Islands (), shall be exempt from the requirements of such section with respect to income from sources within the Northern Mariana Islands for its taxable year beginning after , and before : , That the Secretary receives written notice from the Governor of the Northern Mariana Islands not later than , that sections 1, 2, 3, 4, and 5 of chapter 2 of of the Commonwealth of the Northern Mariana Islands or its successor, have been repealed in their entirety, effective .Public Law 94–241Public Law 1–30December 31, 19801980-12-31January 1, 19821982-01-01September 30, 19801980-09-30December 31, 19811981-12-31Provided

((c)) ** Tax rebates** As provided in section 602  of (, 270) the term “rebate of any taxes” shall, effective , apply only to the extent taxes have actually been paid pursuant to section 601  of said Act, shall not exceed the amount of tax actually paid for any tax year, and may only be paid following the close of the tax year involved. Notwithstanding any other provision of law, effective , the Commonwealth of the Northern Mariana Islands shall maintain, as a matter of public record, the name and address of each person receiving such a rebate, together with the amount of the rebate, and the year for which such rebate was made.1Public Law 94–24190 Stat. 2631January 1, 19851985-01-01January 1, 19851985-01-01