reglab/housing_qa huggingface dataset:
V.I. Code tit. 9, § 742 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 742. Tax exemptions

 (a) Each international financial services entity applicant granted a tax incentive benefit certificate, pursuant to this chapter is exempt from payment of the following taxes: (1) taxes on real property to the extent that properly is used in the business; (2) gross receipt taxes, except that this exemption does not apply to the gross receipts of businesses operated by a concession or rental agreement on the premises of beneficiaries, for which businesses separate licenses are required or which, as determined by the Board, are not ordinarily related to, or do not constitute an essential part of, the operation of the beneficiary, and which businesses are not otherwise eligible for tax incentive benefits as a distinct enterprise; (3) all excise taxes on building materials, tools, pipes, pumps, conveyor belts or other appliances materials and supplies necessary for the use in the construction, alteration, reconstruction or extension of the physical plant or facilities of the applicant; (4) corporate income taxes; (5) personal income taxes as specified in section 743. (b) Each approved international financial services entity eligible for tax incentive benefits provided under this subchapter must be granted one hundred percent benefits for a period of ten years if they remain in compliance with all the requirements of this chapter. Applicants may receive a renewal of benefits for ten years if they remain in compliance with all the requirements of this chapter for their initial benefit period. (c) Tax exemptions and benefits may be granted under this section only if the applicant granted a tax incentive benefit certificate can provide certification from the Bureau of Internal Revenue and the Department of Finance that the applicant has filed and paid all taxes, penalties and interest, and from the Office of the Lieutenant Governor that the applicant has filed its required annual report or has satisfactorily made agreement to pay the taxes or file the required reports.
V.I. Code tit. 9, § 743b (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 743b. Exemption on withholding tax

 (a) Every person who receives a payment of dividends or interest subject to the tax imposed by section 871(a)(1) or 881 of the Internal Revenue Code, as it applies in the Virgin Islands from an IFSE as hereunder provided, and every such applicant subject to a tax on a dividend equivalent amount imposed by section 884 of the Internal Revenue Code, as it applies to the Virgin Islands, is exempted from the payment of 100% of such tax on interest and of that percentage of such tax on dividends and dividend equivalent amounts as is determined pursuant to subsection (b) of this section, to the extent that such dividends, interest and dividend equivalent amounts are derived from or related to the business or industry for which the certificate has been granted. (b) An applicant granted a tax benefit certificate as hereunder provided is exempted from the requirement to withhold tax pursuant to sections 1441 and 1442 of the Internal Revenue Code, as it applies in the Virgin Islands, with respect to the payments and dividend equivalent amounts referred to in subsection (a) of this section to the extent that such payments and dividend equivalent amounts are exempt from the tax described in said subsection.
V.I. Code tit. 9, § 744 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 744. Special provisions or limitations

 (a) Applicants for benefits under section 743 may be granted an additional ten years of tax exemption on the initial term of benefits and subsidy at one hundred percent of benefits if the principal place of business of the applicant is located within the town limits of Frederiksted, St. Croix as defined on the Frederiksted Town Limits map recorded in the Office of the Tax Assessor. In all other geographical areas an extension of benefits for a five-year period may be granted by the Board. (b) An applicant granted benefits under this chapter must be allowed the option, to be exercised prior to the issuance of the tax incentive benefit certificate, of determining when any or all of the benefits commence, if all of the benefits commence at some point during the first five years of operation of the beneficiary’s enterprise. (c) If the beneficiary owns and operates more than one enterprise in the Virgin Islands, benefits granted under this chapter apply only to activities authorized under subchapter I of this chapter. In addition, international financial services entities may make capital contributions in excess of $1,000,000 to Virgin Islands business entities and are permitted to take the tax benefits permitted by this chapter for any income or profit made from those investments. (d) With respect to a corporation or other legal entity, the Board may review the ownership structure, or the proposed ownership structure, and may, upon review of the applicant’s business plan or amended business plan, and consistent with the basis purposes and objectives of this chapter, limit the number of shareholders. The Board may not unreasonably withhold approval of the ownership structure and may not impose additional requirements or limitations on ownership. Once the international financial services entity applicant has furnished all information necessary for review, the Board has 90 days to issue the decision. If the Board does not approve or deny the proposed ownership structure, the ownership structure is deemed to be approved. The Board has the authority to review all ownership interests in excess of five percent of the business. The international financial services entity shall, however, give the Board notice of owners holding less than a five-percent ownership interest in the company.
V.I. Code tit. 9, § 745 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 745. Certificate modifications, extension or renewals

 (a) Upon proper application or reapplication, public hearing and in compliance with all other relevant provisions of this chapter pertaining to the grant of initial benefits, as determined and required by the Board, any recipient of tax incentive benefits granted under this subchapter may be granted an extension, modification or renewal of those benefits subject to the conditions stated herein. (1) Benefits must be granted pursuant to the provision of this subchapter only, and not pursuant to the provisions of any previous law. (2) The Commissioner of Labor shall certify the applicant’s compliance with all labor laws, and regulations prior to any extension, modification or renewal of benefits. (b) Certificate extensions, modifications or renewals are for a period approved by the Board. (c) The Board may grant an extension or modification of benefits under an existing certificate or grant a new certificate if the Board determines that the international financial services entity is helpful to the development of the economy of the Virgin Islands.
V.I. Code tit. 9, § 746 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 746. Action by the Board

 (a) Upon receipt of a finding by the Board that tax incentive benefits should be granted, the Board shall then proceed to issue the appropriate certificate. (b) If, after 60 calendar days, excluding Sundays and holidays, have elapsed from the date the Board has concluded his investigation of the applicant, the Board has neither approved nor disapproved the issuance of a tax incentive benefit certificate, the issuance of the certificate must be considered approved, pending final approval by the Lieutenant Governor. The Lieutenant Governor has an additional ten (10) days to approve or deny the license.
V.I. Code tit. 9, § 747 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 747. Contents of certificate

 (a) A tax incentive benefit certificate must be issued by the Board in the name of the Government of the Virgin Islands and must bear the signature of the Board. The certificate must specify all of the following: (1) In the case of a non-publicly owned corporation, the names and addresses of all of shareholders holding at least a five percent interest in the stock of the company; (2) The line or lines of businesses for which benefits have been granted; (3) The date by which the required financial investment was completed by the beneficiary; (4) The date or dates upon which benefits commence which may be retroactive to the first date of investment by the beneficiary in the industry or business granted in the certificate, but such date may not be before the effective date of this chapter. (5) The specific commencement and termination dates for the benefits granted under the certificate. (6) Such other conditions as the Board considers appropriate, not inconsistent with the provisions of this chapter or regulations promulgated under this chapter. (b) In addition to the conditions established in subsection (a), the certificate must contain a recital that it is conditioned upon the performance and observance of those conditions by the beneficiary within a period of time specified, and upon the final determination of the Secretary of the Treasury of the United States or the Secretary’s delegate, of compliance with the requirement of Internal Revenue Code section 934. Upon failure of the beneficiary to perform or observe the conditions as required by the Board within the specified period or any extension thereof granted for good cause shown to the Board, the certificate is of no force and effect, and the beneficiary shall pay or refund as the case may be to the Government of the Virgin Islands the amount of any benefit actually received under the certificate. Upon a final determination by the Secretary of the Treasury of the United States or his delegate that the beneficiary has not complied with the requirements of the Internal Revenue Code section 934, the beneficiary shall pay or refund, as the case maybe, to the Government of the Virgin Islands, the amount of any subsidy benefits, based on income tax liability, actually received, or the amount of the reduction of income tax liability on a current basis for all the years of non-compliance.
V.I. Code tit. 9, § 748 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 748. Transferability of certificates

 A tax incentive benefit certificate granted under this subchapter may be transferred, for the unexpired portion of the term of the certificate to another international financial services entity which succeeds the beneficiary in carrying on or in operating the industry or business for which the certificate is granted, upon determination of the Board that such international financial services entity is otherwise qualified to receive such benefits and that the industry or business activity with respect to which the certificate was granted is continued by the international financial services entity. Thereafter the transferor of the certificate loses all tax incentive benefits under this subchapter and is subject to the tax laws of the Virgin Islands.
V.I. Code tit. 9, § 749 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 749. Revocation, suspension or modification of certificate

 (a) A tax incentive benefit certificate granted in accordance with this subchapter may be revoked, suspended or modified by the Board, after notice, public hearing, and written findings by the Board that: (1) The beneficiary has failed to maintain compliance with the requirements of this chapter or any regulation hereunder; (2) Upon a finding submitted to the Board by the Lieutenant Governor or the Attorney General of the Virgin Islands that the international financial services entity: (A) has been dissolved; or (B) has filed, or there has been filed against the corporation, a petition in bankruptcy which has been approved; or (3) The beneficiary has failed to file an annual report as required by this chapter; or (4) An officer, shareholder or director acting on behalf of the international financial services entity has been convicted of a felony connected with the operation of the beneficiary’s business or industry; or (5) An officer, shareholder or director acting on behalf of the international financial services entity has given or offered, or caused to be given or offered a bribe, or any money, property, or value of any kind or any promise or agreement therefore to a public officer, or to a person executing any of the functions of a public office, or to a person elected, appointed or designated to thereafter execute the same, with intent to influence him with respect to any act, decision, vote, opinion, or other proceeding in the exercise of the powers or functions which he has or may have pertaining in any way to the tax incentive benefit program. (b) In addition to the fine and imprisonment provided in 14 V.I.C. § 406 for this offense, any benefit granted or obtained as a result of an act, decision, vote, opinion or other proceeding under subsection (a)(5) is void as to the briber and recoverable from the briber as the circumstances of the particular case dictates.
V.I. Code tit. 9, § 751 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 751. Appeals

 Any applicant or beneficiary aggrieved by any action of the Board under the provisions of this subchapter is entitled to judicial review of the action by appealing to the Superior Court under the applicable writ of review provisions no later than 30 days after a final decision by the Board or Lt. Governor.
V.I. Code tit. 9, § 752 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 752. Effect of other laws

 (a) Insofar as the laws of Virgin Islands are not inconsistent with the provisions of this chapter, the laws of the Virgin Islands shall prevail. (b) Insofar as the provisions of this chapter are inconsistent with any other laws of Virgin Islands, the provisions of this chapter shall prevail. (c) The banking-related authority granted to an international financial services entity under the provisions of this chapter are related to the federal banking laws of the United States as applicable to the Virgin Islands. Provided, nothing herein, shall be construed to limit the non-banking-related authority granted to an international financial services entity under the provisions of this chapter.
V.I. Code tit. 9, § 754 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 754. Tap Roots Program

 As prescribed in section 717, five percent (5%) of the net income obtained from the Board’s functions related to this chapter for any given fiscal year must be remitted to the non-profit foundation, Taproots, Inc., and ten percent (10%) to the Cancer Care Fund administered by the Department of Human Services. The remittance must be made within 30 days of the end of each fiscal year. Taproot is an organization designed to train and educate individuals and families in self-help, self-improvement, and entrepreneurial techniques to render them capable of developing resources for themselves. In the event that Taproots ceases to function or is formally dissolved, the Board shall remit the applicable funds to the Virgin Islands Treasury.
V.I. Code tit. 9, § 755 (2019)
2019 US Virgin Islands Code|Title 9 - Banking|Chapter 25 - International Banking Center Regulatory Act|Subchapter II - Tax Incentives|§ 755. Application for tax benefits

 Notwithstanding anything to the contrary in this subchapter, an international financial services entity that was granted a license under this subchapter before January 20, 2017, and that seeks tax benefits, must apply for the tax benefits available under this subchapter. An international financial services entity that was granted a license under this subchapter after January 20, 2017, and that seeks tax benefits, must apply to the Virgin Islands Economic Development Commission for the tax benefits available and applicable under title 29 Virgin Islands Code. If the applicable requirements have been met, the Commission shall grant the benefits provided for in 29 V.I.C. § 713a without condition. Upon approval of a grant of benefits, the Commission shall proceed promptly to issue the certificate referred to in 29 V.I.C. chapter 25, subchapter II.
V.I. Code tit. 11, § 1010a (2019)
2019 US Virgin Islands Code|Title 11 - Commerce, Technology and Trade|Chapter 17 - Price Controls|Subchapter I - General Provisions|§ 1010a. Administration and enforcement [Renumbered]

 The provisions of this chapter shall be administered and enforced by the Consumer Services Administration under the direction and general supervision of the Director of Consumer Services.
V.I. Code tit. 11, § 1011 (2019)
2019 US Virgin Islands Code|Title 11 - Commerce, Technology and Trade|Chapter 17 - Price Controls|Subchapter II - Powers and Duties of Consumer Services Administration|§ 1011. Investigation of prices; power of subpoena

 (a) The Consumer Services Administration may investigate the prices at which all articles of food and general supplies are sold or purchased by importers, merchants, dealers, producers, manufacturers or consumers. (b) For the purpose of subsection (a) of this section, the invoices of all such persons shall be opened to inspection by the Consumer Services Administration and, if necessary, it may issue subpoenas for the attendance of witnesses or for the production of invoices or other documents, and shall have the power to take testimony under oath.
V.I. Code tit. 11, § 1012 (2019)
2019 US Virgin Islands Code|Title 11 - Commerce, Technology and Trade|Chapter 17 - Price Controls|Subchapter II - Powers and Duties of Consumer Services Administration|§ 1012. Setting prices and quantities for sale

 The Consumer Services Administration may determine the prices and quantities at which all or any article of food and general supplies may be sold by wholesalers, retailers, producers, or manufacturers provided: (1) a reasonable margin of profit is allowed; and (2) a wholesale price and a retail price is set for each item.
V.I. Code tit. 11, § 1013 (2019)
2019 US Virgin Islands Code|Title 11 - Commerce, Technology and Trade|Chapter 17 - Price Controls|Subchapter II - Powers and Duties of Consumer Services Administration|§ 1013. Restricting exportation to provide for local consumption

 The Consumer Services Administration may, subject to approval of the Governor, restrict exportation of all locally produced or imported manufactured articles of food, and general supplies to the extent of the amount required for local consumption.
V.I. Code tit. 11, § 1014 (2019)
2019 US Virgin Islands Code|Title 11 - Commerce, Technology and Trade|Chapter 17 - Price Controls|Subchapter II - Powers and Duties of Consumer Services Administration|§ 1014. Publication of approved selling prices

 (a) The Consumer Services Administration shall publish regularly and at least once a month a schedule of the approved selling price of basic food commodities and general supplies. (b) All supermarkets must provide a price list for all milk, bread, rice, flour, potatoes, cereal, juice, including canned, bottled and frozen juice and juice packs, bottled water, dried beans, fruits, vegetables, meats and poultry offered for sale by no later than the first Monday of every month, except when such Monday is a holiday. Then, and in such event, the list must be submitted on the Tuesday immediately following that Monday. For purposes of this subsection, “supermarket” means a departmentalized retail establishment offering primarily on a self-serve basis a variety of dry goods, meats, perishable produce and dairy products, as well as a variety of convenience, nonfood merchandise.
V.I. Code tit. 11, § 1015 (2019)
2019 US Virgin Islands Code|Title 11 - Commerce, Technology and Trade|Chapter 17 - Price Controls|Subchapter II - Powers and Duties of Consumer Services Administration|§ 1015. Power to make rules and regulations

 The Consumer Services Administration may make all rules and regulations necessary to efficiently carry out the powers herein granted.
V.I. Code tit. 11, § 1051 (2019)
2019 US Virgin Islands Code|Title 11 - Commerce, Technology and Trade|Chapter 17 - Price Controls|Subchapter III - Appeals|§ 1051. Appeal to Consumer Services Administration

 Any person aggrieved by an order issued under this chapter may appeal to the Consumer Services Administration within 10 days after issuance of the order. The Director of Consumer Services shall issue an order affirming, modifying, or reversing the order from which the appeal was taken.
V.I. Code tit. 11, § 1052 (2019)
2019 US Virgin Islands Code|Title 11 - Commerce, Technology and Trade|Chapter 17 - Price Controls|Subchapter III - Appeals|§ 1052. Judicial review

 (a) Within ten days after issuance of an order of the Consumer Services Administration under section 1051 of this title, any aggrieved party may file a petition to review such action in the District Court and shall forthwith serve a copy of such petition upon the Director of Consumer Services. Thereupon the Director shall certify and file with the court a transcript of the record upon which the order complained of was entered. Upon the filing of such transcript the court shall have exclusive jurisdiction to affirm or set aside such order or remand the proceedings. The Director may at any time he deems upon reasonable notice and in such manner as proper, rescind, modify or set aside, in whole or in part, any such order, notwithstanding the pendency of the petition to review. (b) No order shall be set aside or remanded unless the petitioner establishes to the satisfaction of the court that the order is not in accordance with law, or is not supported by substantial evidence. (c) The commencement of proceedings under this section shall not operate as a stay of the order of the Director.
V.I. Code tit. 11, § 1071 (2019)
2019 US Virgin Islands Code|Title 11 - Commerce, Technology and Trade|Chapter 17 - Price Controls|Subchapter IV - Offenses|§ 1071. Penalties

 Whoever— (1) refuses to appear before the Consumer Services Administration when summoned; or (2) refuses to testify; or (3) testifies falsely; or (4) fails to produce invoices or documents required; or (5) sells at a price other than prescribed by the Consumer Services Administration or by the Director of Consumer Services on appeal; or (6) violates any rule or regulation promulgated by the Consumer Services Administration under this chapter— shall be fined not more than $200 or imprisoned not more than 180 days, or both.