Act No. 7628 — An Act amending Act No. 7075, section 3(a) relating to certain tax exemptions for the construction, ownership or operation of a renewable or
ACTNO, 7628 BILL NO. 30-0347 THIRTIETH LEGISLATURE OF THE VIRGIN ISLANDS Regular Session 2014 An Act amending Act No. 7075, section 3(a) relating to certain tax exemptions for the construction, ownership or operation of a renewable or alternative energy electric power production plant, or device for selling power to the V. I. Water and Power Authority —-0--- Be it enacted by the Legislature of the Virgin Islands: SECTION t. Act No. 7075 is amended in Section 3 (a) by striking all the language therein and inserting new language to read as follows: “Any person, firm, partnership or corporation that installs or causes to be installed or that constructs or causes to be constructed or owns and or operates in the Virgin Islands a renewable or alternative energy electric power production plant or device, for the purpose of selling electrical power to the Virgin Islands Water and Power Authority or any successor thereto, subject to the person, firm, partnership or corporation’s being able to produce electrical power for its own power needs, is exempt from (i) the payment of excise taxes on a …
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