Tag: tax
Senate Sends Securization Proposal to Committee for Further Review
Meeting in special session on Tuesday the V.I. Senate did not approve a newly revamped version of Gov. Albert Bryan Jr.'s securitization proposal, instead, sending it to the Finance Committee for further consideration.
Finance Committee OKs Tax Amnesty to Provide COVID Relief
The Senate Finance Committee on Friday passed a tax amnesty bill to help Virgin Islander face difficult financial times brought on by the COVID-19 pandemic.
Senators Express Confusion About Changes to GERS Bail Out Bill, But Pass it in a Close Vote
Confusion swept through the Legislature on Thursday during a special session at which senators were called to vote on changes to a debt refinancing bill that aims to rescue a fiscally crumbling pension system. By an 8-6 margin, the newly amended legislation narrowly passed.
Senate Passes Heavily Amended GERS Bail Out Bill
The governor’s proposed bill that aims to bail out the Government Employees' Retirement System was passed by the Legislature at a Friday special session, the culmination of Thursday’s Finance Committee hearing that moved into special session before being recessed.
Split Finance Committee OKs Pension Bail Out Bill With Hesitations
The Senate Finance Committee on Thursday narrowly advanced Gov. Albert Bryan Jr.'s bill that aims to bail out the Government Employees' Retirement System by securitizing the territory’s Matching Fund debt.
Senate Wants More Time to Consider Bryan’s Bill to Bail Out GERS
Instead of taking immediate action on Gov. Albert Bryan Jr.'s bill to create a new funding source for the Government Employees' Retirement System, the V.I. Senate moved the measure to the Finance Committee for a hearing at 11 a.m. on Thursday.
Finance Committee OKs New Special Tax Break Zone for STX
Lawmakers say they want to diversify the Virgin Islands economy by pushing forward a bill that will designate 3,000 acres on the south shore of St. Croix as an enterprise zone.
Bill Seeks to Expand Hotel Development Act
A bill to amend the USVI's Hotel Development Act, allowing hotels that suffered storm damage to use the financial tools to help finance their recovery, was unanimously approved by the Senate Finance Committee.
Bureau of Internal Revenue Says There’s No Plan B if Excise Tax Appeal Loses
Internal Revenue Bureau Director Joel Lee told lawmakers Tuesday that if the District Court rules against the government’s appeal to reinstate excise taxes, the bureau has no backup plan in the face of roughly $45 million in tax collection losses each year.
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WAPA electric system personnel are reviewing data logs of the utility’s generating units to determine the root cause of a 12-hour outage Friday that affected all customers of the St. Thomas-St. John District, said interim Executive Director Noel Hodge. #visource #usvi #news
WAPA Reviewing Data to Determine Root Cause of Outage *Update*
stthomassource.com
WAPA said electric system personnel are reviewing data logs of the utility's generating units to determine the root cause of a 12-hour outage Friday that affected all customers of the St. Thomas-St. J...Maybe power went out bcuz they need a more $
If they don’t say incompetent leadership you know it’s lie!!!
