Not later than May 1st of each year, the Governor shall file with the Legislature a plan of operation and statement of projected revenues and expenditures of the Virgin Islands Lottery for the next succeeding fiscal year. Upon review of this plan, the Legislature shall determine such amounts as may be retained in the reserve […]
The financial records of the Commission, as they pertain to Lottery revenues, shall be subjected to an annual independent audit by a certified public accountant or firm of certified public accountants to be designated by the President of the Legislature.
(a) The owner or owners of the winning numbers in each drawing of the Virgin Islands Lottery shall be entitled to a reduction of their income tax liability, for that year, equivalent to 100 percent of the income taxes incurred to the Virgin Islands by said owner or owners, attributable to such winnings being included […]
