Bill No. 36-0195 - An act amending title 33 Virgin Islands Code, subtitle 2, chapter 87, section 2456, subsection (b) by increasing the maximum amount to be deposited into
COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE BILL NO. 36-0195 Thirty-Sixth Legislature of the Virgin Islands October 27, 2025 An act amending title 33 Virgin Islands Code, subtitle 2, chapter 87, section 2456, subsection (b) by increasing the maximum amount to be deposited into the Office of the Tax Assessor Revolving Fund from the collection of real property taxes PROPOSED BY: Senator Marise C. James Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Title 33 Virgin Islands Code, subtitle 2, chapter 87, section 2456, 2 subsection (b) is amended by striking “$500,000” and inserting “$750,000”. 3 BILL SUMMARY 4 This bill amends title 33 Virgin Islands Code, subtitle 2, chapter 87, section 2456, 5 subsection (b) by increasing the maximum annual amount from $500,000 to $750,000 to be 6 deposited into the Office of the Tax Assessor Revolving Fund from the collection of real 7 property taxes. 8 BR25-0748/August 25, 2025/GC 9
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COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE BILL NO. 36-0195 Thirty-Sixth Legislature of the Virgin Islands October 27, 2025 An act amending title 33 Virgin Islands Code, subtitle 2, chapter 87, section 2456, subsection (b) by increasing the maximum amount to be deposited into the Office of the Tax Assessor Revolving Fund from the collection of real property taxes PROPOSED BY: Senator Marise C. James Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Title 33 Virgin Islands Code, subtitle 2, chapter 87, section 2456, 2 subsection (b) is amended by striking “$500,000” and inserting “$750,000”. 3 BILL SUMMARY 4 This bill amends title 33 Virgin Islands Code, subtitle 2, chapter 87, section 2456, 5 subsection (b) by increasing the maximum annual amount from $500,000 to $750,000 to be 6 deposited into the Office of the Tax Assessor Revolving Fund from the collection of real 7 property taxes. 8 BR25-0748/August 25, 2025/GC 9