reglab/housing_qa huggingface dataset:
V.I. Code tit. 29, § 747 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter III - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Music Industry|§ 747. Definitions

 As used in this subchapter, the following terms have the meaning prescribed in this section: (1) “Audio data content” means any recordable form of audio or MIDI information in any digital or analog format resulting from either the recording process, capturing the audio data or the mixing and mastering process. (2) “Certificate” means the Certificate of Tax Incentive Benefits issued under this subchapter to a Virgin Islands company engaged in filmmaking or the recording of audio in a local music studio. (3) “Commissioner” means the Commissioner of the Department of Tourism or the Commissioner's designee. (4) “Director” means the Director of the Office of Film and Music Promotion established in section 747b. (5) Deleted. (6) “Music recording” means all forms, steps or techniques involved in the recording of audio for commercial purposes-including non-musical audio recording such as “books on tape” or voice-overs-for release on any media, including compact discs, digital downloads, digital streaming, or any other vehicle for such transmittal. (7) “Local music studio” means a music recording facility located in the Virgin Islands that has a business license for the purpose of operating a music studio, and has been in operation for a minimum of two years before applying for a certificate for tax benefits or governmental promotion or subsidies to the studio's clients under this subchapter. (8) “Local musician” means a musician or music engineer who is a bona fide resident in the Virgin Islands pursuant to section 26 U.S.C. § 932(c) for a minimum of one before applying for a certificate for tax benefits or governmental promotion or subsidies to the corporation that hires the musician under this subchapter. (9) “Office” means the Office of Film and Music Promotion established in section 747a. (10) Deleted. (11) “Virgin Islands” means the Virgin Islands, as defined in section 2 of the Revised Organic Act of the Virgin Islands.
V.I. Code tit. 29, § 747d (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter III - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Music Industry|§ 747d. Qualifications for benefits

 (a) The Director may recommend to the EDA a grant of benefits only to applicants that meet the requirements established in this section. (b) The Director and EDA may not require an applicant to meet qualifications or requirements in excess of the conditions listed in this subchapter for the granting of an initial certificate. (c) In order to qualify and remain eligible for tax incentive benefits under this subchapter, an applicant must: (1) Be a corporation organized and licensed under the laws of the Virgin Islands with a Virgin Islands source income or income effectively connected with its Virgin Islands trade or business. A corporation that is organized under the laws of the Virgin Islands or one of the states, territories or commonwealths, whose principal office is located in the Virgin Islands, is presumed to be continually domiciled in the Virgin Islands for purposes of this section, unless it is established that such domicile has been superseded by a new domicile. (2) Conduct audio recording or mixing in the Virgin Islands at a licensed, local music studio or conduct a film project on location in the Virgin Islands. (A) For audio/music projects, at least 50% of the audio data content of the audio recordings for any commercial release to which the tax benefit certificate will apply must be created or recorded at a licensed Virgin Islands local music studio in order to receive the certificate, (B) Deleted. (3) Agree in writing to make all best efforts to employ local Virgin Islands musicians, recording engineers, or other personnel during the audio recording process, and to notify the Virgin Islands Department of Labor of the availability of employment, the number of employees required, the occupational classification of such workers, and the applicable wage rate. (4) Comply with all territorial and federal laws.
V.I. Code tit. 29, § 747h (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter III - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Music Industry|§ 747h. Transferability of Certificates

 A Certificate granted under this subchapter may be transferred, for the unexpired portion of the term of the Certificate, to another corporation that succeeds the beneficiary in carrying on or in operating the industry or business for which the Certificate is granted, upon determination of the Director that the corporation is otherwise qualified to receive such benefits, and the industry or business activity with respect to which the Certificate was granted is continued by the corporation. Upon transfer of the certificate, the transferor forfeits all tax incentive benefits under this subchapter and is subject to the tax laws of the Virgin Islands.
V.I. Code tit. 29, § 747i (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter III - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Music Industry|§ 747i. Revocation, suspension or modification of Certificate

 (a) The Director may revoke, suspend or modify a Certificate issued under this subchapter, after notice, public hearing, and written findings by the Director that: (1) the beneficiary has failed to maintain compliance with the requirements of this subchapter or any regulation under this subchapter; (2) certification received by the Director from the Lieutenant Governor or the Attorney General of the Virgin Islands indicates that the beneficiary corporation: (A) has been dissolved; or (B) has filed, or there has been filed against the corporation, a petition in bankruptcy which has been approved; (3) the beneficiary has failed to file an annual report of ownership as required by this subchapter; (4) an officer, shareholder or director acting on behalf of the corporation 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 corporation 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 for it 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 functions of a public office, with intent to influence the person with respect to any act, decision, vote, opinion, or other proceeding in the exercise of the powers or functions which the person has or may have pertaining in any way to the tax incentive benefit program. (b) The beneficiary shall bear the expenses of any investigation by the Director to determine the beneficiary's compliance.
V.I. Code tit. 29, § 747j (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter III - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Music Industry|§ 747j. Judicial review

 An applicant or beneficiary aggrieved by any action of the Director or the Governor under this subchapter may petition the Superior Court of the Virgin Islands for judicial review under 5 V.I.C., chapter 97 no later than 30 days after a final decision by the Director or the Governor.
V.I. Code tit. 29, § 747k (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter III - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Music Industry|§ 747k. Regulations

 The Commissioner may, pursuant to chapter 35 of this title, promulgate regulations to carry out the purpose of this subchapter.
V.I. Code tit. 29, § 747l (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter III - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Music Industry|§ 747l. False or fraudulent statements or representations; false claims for benefits

 (a) An applicant or beneficiary who willfully makes any false or fraudulent statement or representation as to any fact required or appropriate to the determination of the qualifications of eligibility of such applicant or beneficiary for benefits under this subchapter, or for the continuation or extension of the benefits, or who willfully makes or presents any claim for benefits under this subchapter knowing the claim to be false, fictitious or fraudulent, is subject to a fine not more than $25,000 or imprisonment of not more than two years, or both the fine and the imprisonment. (b) In addition to the penalties prescribed in subsection (a), any benefits granted under this subchapter to such applicant or beneficiary convicted under subsection (a) are deemed automatically revoked, without necessity for the procedures established under section 332i. All taxes that were otherwise due and payable by such an applicant or beneficiary but for the tax exemption benefits granted, become due and payable as of the date or dates when, but for such tax exemption, the taxes would have been due and payable, and the taxes must be assessed and collected in accordance with applicable tax laws in force for such date or dates. The amount of all subsidy benefits, based on income tax liability, actually received, constitute debts due and owing to the Government of the Virgin Islands as of the date or dates when payment of subsidy was made.
V.I. Code tit. 29, § 750 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter IV - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Film Industry|§ 750. Purpose

 (a) The purposes of this subchapter are to enhance the Virgin Islands” economy by revitalizing and expanding the attraction of the film, video, and other media recording, motion picture, and television industries and related media productions to the Virgin Islands and to promote the growth of Virgin Islands small businesses related to and servicing these industries. The objectives of this subchapter are to: (1) Renew interest in the Virgin Islands as a premier location for the production of motion pictures, documentaries, television programs and digital media, webcast, any new media format programs, commercials, and magazine advertising by off-island production companies; (2) Encourage the creation of jobs that pay well for Virgin Islands workers and university graduates; (3) Enhance the growth of the Virgin Islands businesses that provide goods and services for these types of productions; (4) Assist local filmmakers; and (5) Help promote the tourism industry in the Virgin Islands. (b) The Legislature declares that the objectives of subsection (a) are best achieved by offering tax incentives or other offsets to production companies for hiring Virgin Islands residents, for purchasing Virgin Islands goods and services, and for filming and recording in the Territory.
V.I. Code tit. 29, § 752 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter IV - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Film Industry|§ 752. Administration of Incentives

 (a) The Virgin Islands Economic Development Authority in partnership with the Department of Tourism is responsible for managing applications for Incentives under this Program. (b) The Economic Development Authority shall be responsible for managing applications for incentives provided in this subchapter. (c) Funding for the establishment of the Incentives must be budgeted from the operational funds of the Economic Development Authority; and the payment of rebates provided for in this subchapter must be funded from the Tourism Advertising Revolving Fund, 33 V.I.C. § 3072, at a maximum of 20 percent of the previous year’s funding appropriated annually or a minimum of $2,500,000 per year; until fully expended in the same fiscal year. The maximum amount of the rebates permitted in any fiscal year shall be the maximum amount funded from the Tourism Advertising Revolving Fund. (d) Deleted. (e) The Office of Film and Music Promotion of the Department of Tourism in concurrence with the Economic Development Authority is responsible for the creation of the application and shall assist in the review of each application. The Economic Development Authority shall serve as the initial point of contact for interested parties. (f) Once a complete application has been received by the Economic Development Authority, the application for Incentives under this subchapter must be forwarded to the Department of Tourism not later than 10 business days after the receipt of the completed application for its review, analysis, and recommendation to the Economic Development Authority. The Department of Tourism has 7 business days from receipt of the application in which to submit its analysis and recommendation to the Economic Development Authority. (g) Upon receipt by the Department of Tourism analysis and recommendation, the Economic Development Authority has 25 business days in which to approve or reject the application in writing to the applicant. (h) Upon the approval of the Economic Development Authority of the application the Economic Development Authority shall proceed to issue the appropriate certificate setting forth the particular terms of the Incentives granted. (i) The Economic Development Authority may establish an educational scholarship fund that must be administered with the Virgin Islands Board of Education to provide scholarships for film related educational programs for Residents.
V.I. Code tit. 29, § 753b (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter IV - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Film Industry|§ 753b. Procedure for application for tax incentives

 (a) The tax liabilities for income meeting the requirements of section 753a may be reduced or rebated pursuant to the Internal Revenue Code of 1986, as amended, and as applicable to the Virgin Islands by offsets to Qualified Production Expenditures and taxes payable to the Territory. (b) The tax credit granted under section 753a is subject to the following conditions and limitations: (1) The tax credit may be taken beginning with the taxable year in which the Production Company has met the investment requirement. For each year in which the Production Company either claims or transfers the tax credit the Production Company shall attach a schedule to the Production Company’s Virgin Islands income tax return which must set forth the following information, as a minimum: (A) A description of the Qualified Production Activities, along with the certification from the Economic Development Authority; (B) A detailed listing of the employee’s names Social Security numbers and Virgin Islands wages when salaries are included in the Base Investment; (C) The amount of tax credit claimed for the current taxable year; (D) The amount of tax credit utilized by the Production Company in the current taxable year; and (E) The amount of tax credit to be carried over to subsequent tax years. (2) The Production Company that claims the tax credit granted in this section shall include in the description of the Qualified Production Activities required by subparagraph (A) of paragraph (1) information that demonstrates that the activities included in the base investment or excess base investment equal or exceed $500,000 during such year. (c) The Economic Development Authority shall promulgate such regulations as are necessary to administer this subchapter. (d) Each qualifying Production Company undertaking a Territory Certified Production and granted a certificate is subject to an audit by the Economic Development Authority on completion of the Qualified Production Activity to ensure that the Qualified Production Company has met the terms of its application and certificate.
V.I. Code tit. 29, § 753c (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter IV - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Film Industry|§ 753c. Sale or transfer of tax credits

 (a) Any tax credits with respect to a Territory Certified Production earned by a Production Company and previously claimed but not used by such Production Company against its income tax or other tax liability may be transferred or sold in whole or in part by such Production Company to another Virgin Islands taxpayer, subject to the following conditions: (1) The Production Company may make only a single transfer or sale of tax credits earned in a taxable year; however, the transfer or sale may involve one or more transferees; (2) The Production Company shall submit to the Economic Development Authority and to the Virgin Islands Bureau of Internal Revenue a written notification of any transfer or sale of tax credits not later than 30 days after the transfer or sale of such tax credits. The notification must include the Production Company’s tax credit balance prior to transfer, the credit certificate number, the remaining balance after transfer, all tax identification numbers for each transferee, the date of transfer, the amount transferred, and any other information required by the Economic Development Authority or the Virgin Islands Bureau of Internal Revenue; (3) The Virgin Islands Bureau of Internal Revenue shall disallow tax credits to any Production Company that fails to comply with this subsection until the Production Company is in full compliance; (4) The transfer or sale of this tax credit does not extend the time in which such tax credit may be used. The carry-forward period for tax credit that is transferred or sold begins on the date on which the tax credit was originally earned; (5) A transferee has only the rights to claim and use the tax credit which were available to the Production Company at the time of the transfer. To the extent that the Production Company did not have rights to claim or use the tax credit at the time of the transfer, the Virgin Islands Bureau of Internal Revenue shall either disallow the tax credit claimed by the transferee or recapture the tax credit from the transferee. The transferee’s recourse is against the Production Company; and (6) The transferee must acquire the tax credits in this section for a minimum of 60 percent of the amount of the tax credits so transferred. (b) Any Production Company claiming, transferring, or selling the tax credit shall reimburse the Government of the Virgin Islands for any department initiated audits relating to the tax credit, This subsection does not apply to routine lax audits of a taxpayer which may include the review of the tax credit provided in this subchapter.
V.I. Code tit. 29, § 753d (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 12 - Economic Development and Incentives|Subchapter IV - Sustainable Tourism Through Arts-Based Revenue Stream Production for the Film Industry|§ 753d. Annual cost benefit analysis

 The Bureau of Economic Research shall cause an annual cost benefit analysis of the Incentives awarded under this subchapter for the purpose of determining the overall economic impact on the Treasury of the Virgin Islands.
V.I. Code tit. 29, § 801 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 13 - Economic Park Development|Subchapter I - Declaration of Purpose; Short Title; Definitions|§ 801. Declaration of purpose

 The purposes and objectives of this chapter are: (a) To acquire, operate and improve industrial parks in order to provide suitable sites for the location of industries in the Virgin Islands. (b) To complement the Economic Development program established under chapter 12 of this title, and to establish close liaison, cooperation and coordination with the Department of Economic Development and Agriculture in connection therewith. The provisions enacted by this chapter are hereby declared to be necessary in the public interest and the industrial park projects herein authorized are declared to be public improvements and public undertakings.
V.I. Code tit. 29, § 802 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 13 - Economic Park Development|Subchapter I - Declaration of Purpose; Short Title; Definitions|§ 802. Short title

 This chapter shall be known and may be cited as the “Virgin Islands Economic Development Park Act”.
V.I. Code tit. 29, § 810 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 13 - Economic Park Development|Subchapter II - Virgin Islands Economic Development Park Corporation|§ 810. Public corporation

 (a) There is hereby created the Virgin Islands Economic Development Park Corporation, (hereinafter referred to as “the Corporation”), as a discrete but integral part of the Economic Development Authority established in chapter 17 of title 29, Virgin Islands Code. (b) The Corporation is hereby created as a body corporate and politic, constituting a public corporation and instrumentality as a subsidiary entity of, subordinate in administration and operation to the Virgin Islands Economic Development Authority. Its debts, obligations, contracts, bonds, receipts, expenditures, funds, accounts, projects and property shall be debts of the Corporation and not those of the Government of the Virgin Islands or any office, bureau, department, commission, officer, agent or employee thereof.
V.I. Code tit. 29, § 811 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 13 - Economic Park Development|Subchapter II - Virgin Islands Economic Development Park Corporation|§ 811. Corporate purposes

 The corporate purposes of the Corporation shall be the same as those purposes set forth in section 801 of this title, as the purposes of this chapter.
V.I. Code tit. 29, § 812 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 13 - Economic Park Development|Subchapter II - Virgin Islands Economic Development Park Corporation|§ 812. Board of Directors

 The powers of the Corporation shall be exercised by the Governing Board of the Virgin Islands Economic Development Authority which shall also constitute the Governing Board of the Corporation.
V.I. Code tit. 29, § 814 (2019)
2019 US Virgin Islands Code|Title 29 - Public Planning and Development|Chapter 13 - Economic Park Development|Subchapter II - Virgin Islands Economic Development Park Corporation|§ 814. Executive Director; powers and duties

 The Chief Executive Officer, appointed pursuant to section 1102 of title 29, Virgin Islands Code, shall act as the Executive Director for the corporation and shall have such powers and duties as set forth in section 707 of this title as may be applicable to the Corporation subject to the direction and control of the Board. The Chief Executive Officer may delegate such duties as he sees fit to the Assistant Chief Executive Officer.