### Question
What is the definition of tax year?


### Answer
The definition of **tax year** is as follows in *48 U.S.C. § 1806*:

> the fiscal year immediately preceding the current fiscal year

#### Citation:
  - *48 U.S.C. § 1806*
  - Heading: **CHAPTER 17-NORTHERN MARIANA ISLANDS > SUBCHAPTER I-APPROVAL OF COVENANT AND SUPPLEMENTAL PROVISIONS**

