St. Croix--the Committee on Finance, chaired by Senator Clifford Graham, met Tuesday in the Frits E. Lawaetz Legislative Conference Room, St. Croix to consider Bills No. 31-0398, 31-0353, 31-0338, 31-0432, and 31-0435.
Bill No. 31-0398 sponsored by Senator Nereida Rivera O’Reilly seeks to repeal the Virgin Islands rate of duty on foreign articles shipped from within a U.S. Custom Zone. The Senator said this Bill was discussed three times in previous legislatures. Testifying on the Bill, Valdamier Collens, Commissioner of Finance said the Mapp-Potter Administration strongly supports the purpose and intent of Bill No. 31-0398 which is to use local legislative power to rescind the locally-assessed customs duties. He added that to better effect the foregoing purpose and intent of the proposed legislation, the Governor has submitted two amendments to the Bill which he would like the Legislature to take into consideration before any final action.