§ 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 […]
§ 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.
§ 747k. Regulations
The Commissioner may, pursuant to chapter 35 of this title, promulgate regulations to carry out the purpose of this subchapter.
§ 747b. Duties of office
(a) The Office shall: (1) Undertake a vigorous program designed to advertise and promote the Virgin Islands as an ideal location for major and minor film productions and music/audio recording projects, including the production and distribution of pamphlets and brochures; the placing of appropriate advertising in various cinematography, music industry and other national and international […]
§ 747c. Duties of the Director
(a) The Director shall with the assistance and through the Virgin Islands Economic Development Authority (“EDA”): (1) Review all applications for tax incentive benefits; (2) Recommend to the EDA such regulations as may be necessary to implement the provisions of this subchapter; (3) Prepare and submit annual reports to the Governor and the Legislature containing […]
§ 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) […]
§ 747e. Tax benefits
(a) The tax liabilities for income meeting the requirements of section 747d(c)(2)(A) may be reduced or rebated pursuant to the Internal Revenue Code of 1986, as amended and as applicable to the Virgin Islands 26 U.S.C. section 934(b)(l) (b) The beneficiaries of the tax benefits under section 747d(c)(2)(B) have the burden of demonstrating to the […]
§ 747f. Application process
(a) Applications for benefits or extensions of benefits under this subchapter must be filed with the Director on forms designed, printed and provided by the Office. The application must contain such directives and information as prescribed by regulations. All applications of partnerships shall include a list of the names and addresses of the partners. All […]
§ 743. Powers of Commission
The Virgin Islands Economic Development Commission shall have within its powers the authority to negotiate and sign all contracts pursuant to establishing the provisions of this subchapter.
§ 744. Requirements for granting benefits
To qualify and remain eligible for benefits, an individual, partnership, joint venture, corporation, or organization which applies for benefits provided under this subchapter must: (a) Establish a facility deemed suitable and safe by the appropriate governing agencies, with adequate equipment, machinery, safety mechanisms, and other necessities for the initiation and maintenance of a complete program […]