Bill No. 36-0261 - An act establishing a 33-business day amnesty to assist taxpayers and businesses recovering from the aftermath of Hurricanes Irma and Maria and Tropical
COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE 03/18/2026-SPECIAL ORDERED BILL NO. 36-0261 Thirty-Sixth Legislature of the Virgin Islands February 26, 2026 An act establishing a 33-business day amnesty to assist taxpayers and businesses recovering from the aftermath of Hurricanes Irma and Maria and Tropical Storm Ernesto by waiving penalties and interest imposed for the non-payment of taxes PROPOSED BY: Senator Angel L. Bolques, Jr. Sponsor: Marvin A. Blyden Co-sponsors: Ray Fonseca and Hubert L. Frederick Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. (a) Not later than 10 days after the effective date of this act, the Director 2 of the Virgin Islands Bureau of Internal Revenue (“the Director”) shall establish a 33-business 3 day amnesty waiving penalties and interest imposed for the non-payment of taxes, including 4 income and gross receipt taxes, that became due and owing before the 2024 calendar year. …
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COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE 03/18/2026-SPECIAL ORDERED BILL NO. 36-0261 Thirty-Sixth Legislature of the Virgin Islands February 26, 2026 An act establishing a 33-business day amnesty to assist taxpayers and businesses recovering from the aftermath of Hurricanes Irma and Maria and Tropical Storm Ernesto by waiving penalties and interest imposed for the non-payment of taxes PROPOSED BY: Senator Angel L. Bolques, Jr. Sponsor: Marvin A. Blyden Co-sponsors: Ray Fonseca and Hubert L. Frederick Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. (a) Not later than 10 days after the effective date of this act, the Director 2 of the Virgin Islands Bureau of Internal Revenue (“the Director”) shall establish a 33-business 3 day amnesty waiving penalties and interest imposed for the non-payment of taxes, including 4 income and gross receipt taxes, that became due and owing before the 2024 calendar year. 5 (b) The Director shall: 6 (1) waive the penalties and interest on taxes due and owing for any taxpayer who 7 voluntarily files a tax return for each tax year that an amnesty waiver is requested and 8 pays the entire outstanding balance within the 33-business day amnesty period; and 9 (2) publish information about the amnesty on the Bureau of Internal Revenue’s 10 website, on social media platforms, and in a newspaper of general circulation throughout 11 the Virgin Islands. 12 2 SECTION 2. Pursuant to the authority granted under 33 Virgin Islands Code, chapter 1 89, section 2494, the Lieutenant Governor of the Virgin Islands shall establish a 33-business 2 day amnesty, beginning on the enactment date of this act, waiving all penalties and interest 3 imposed for the non-payment of taxes levied on real property, if the taxes are paid within the 4 33-business day amnesty period. 5 BILL SUMMARY 6 This bill mandates that the Director of the Bureau of the Internal Revenue establish a 33- 7 business day amnesty period waiving interest and penalties on all outstanding taxes due and 8 owing if the taxes are paid within the 33-business day amnesty period. The bill also mandates 9 the Lieutenant Governor to establish a 33-business day amnesty period waiving penalties and 10 interest imposed for the non-payment of real property taxes. 11 BR26-1042/February 19, 2026/SLR 12