Committee on Finance

Agenda:

The Committee on Finance has scheduled a meeting  to received testimony and consider the following bills

Bill No. 34-0004-An Act amending title 33 Virgin Islands Code, subtitle 1, part 1, chapter 5, section 91 relating to the payment of fuel taxes to change the time for remittance of the tax to the Bureau of Internal Revenue; and for other related purposes Proposed by Senator Donna A. Frett-Gregory

Invited Testifiers:

Joel Lee, Director, V.I. Bureau of Internal Revenue

George H.T. Dudley, Esq., Attorney, Dudley Newman Feuerzeig LLP

Yolanda Valdes, Tax and Insurance Manager, Total Petroleum Puerto Rico Corp.

Denise Rodriguez Flores, Esq., Legal Manager, Total Petroleum Puerto Rico Corp.

Bill No. 34-0058-An Act amending title 17 Virgin Islands Code, chapter 34 by adding a subchapter III to establish the Virgin Islands Catalyst Fund to provide loans to eligible entities to promote economic resiliency, and to support the retention or creation of jobs, to provide for the University of the Virgin Islands Research and Technology Park Corporation to administer the program and the fund, and to provide criteria for making loans; and making an appropriation Proposed by Senator Novelle E. Francis, Jr.

Invited Testifiers:

Matthew Wexler, Director, National Development Council

Kirk Chewning, Co-Founder/Partner, Cane Bay Partners

Marjorie J. Roberts, Tax and Corporate Attorney, Marjorie Rawls Roberts, P.C.

Richard Difede, Owner, Gold Coast Yachts

Peter Chapman, Executive Director, UVI RT Park Corporation

Justin Moorhead, Owner, Seslia Virgin Islands Securities

Jenifer O’Neal, Director, Office of Management and Budget