0063 (25-0413) - COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE-ECONOMIC DEVELOPMENT AND AGRICULTURE, Bills — Economic Development and Agriculture, April 16, 2
COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE 04/16/2024-REASSIGNED TO THE COMMITTEE ON ECONOMIC DEVELOPMENT AND AGRICULTURE BILL NO. 36-0063 Thirty-Sixth Legislature of the Virgin Islands March 28, 2025 An Act amending title 33, Virgin Islands Code subtitle 1, chapter 3, sections 41, 42(a), and 43(a) and (c) to clarify that gross receipts taxes must be paid by all contractors doing business in the Virgin Islands regardless of physical location PROPOSED BY: Senators Clifford A. Joseph, Sr., Novelle E. Francis, Jr., Marise C. James and Hubert L. Frederick Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Title 33, Virgin Islands Code subtitle 1, part I, chapter 3 is amended as 2 follows: 3 (a) In section 41: 4 (1) by inserting “regardless of physical location.” after the first instance of the 5 word “Islands”. 6 (b) In section 42(a): 7 (1) by inserting “, regardless of physical location.” after the first instance of the 8 word “Islands”. …
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COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE 04/16/2024-REASSIGNED TO THE COMMITTEE ON ECONOMIC DEVELOPMENT AND AGRICULTURE BILL NO. 36-0063 Thirty-Sixth Legislature of the Virgin Islands March 28, 2025 An Act amending title 33, Virgin Islands Code subtitle 1, chapter 3, sections 41, 42(a), and 43(a) and (c) to clarify that gross receipts taxes must be paid by all contractors doing business in the Virgin Islands regardless of physical location PROPOSED BY: Senators Clifford A. Joseph, Sr., Novelle E. Francis, Jr., Marise C. James and Hubert L. Frederick Be it enacted by the Legislature of the Virgin Islands: 1 SECTION 1. Title 33, Virgin Islands Code subtitle 1, part I, chapter 3 is amended as 2 follows: 3 (a) In section 41: 4 (1) by inserting “regardless of physical location.” after the first instance of the 5 word “Islands”. 6 (b) In section 42(a): 7 (1) by inserting “, regardless of physical location.” after the first instance of the 8 word “Islands”. 9 (c) In section 43(a): 10 (1) by inserting “regardless of physical location.” after the first instance of the 11 word “Islands”. 12 2 (d) In section 43(c): 1 (1) By inserting the words “disaster recovery projects;” after the word 2 “projects”; 3 (2) By inserting the word “all” before the word “undertakings”; and 4 (3) By inserting the words “being done in the Virgin Islands or for the Virgin 5 Islands regardless of the contractor’s physical location” after the word “undertakings”. 6 BILL SUMMARY 7 This bill amends title 33 Virgin Islands Code, subtitle 1, chapter 3 to require gross receipts 8 taxes from contractors doing business in the Virgin Islands regardless of physical location. 9 BR25-0413/March 25, 2025/KEH 10