USVI Visa Waiver Act and Tax Parity Measures Reintroduced by Plaskett to Boost Territory's Economy
Plaskett unveils a seven-bill package to boost the USVI economy, focusing on tax parity, investment incentives, and tourism. Key measures include the USVI Visa Waiver Act and efforts to restore fair tax treatment, tackling long-standing inequities.
2025-01-15 16:36:06 - VI News Staff
As the 119th session of Congress gains momentum, Delegate to Congress Stacey Plaskett has reintroduced a suite of legislation aimed at revitalizing the U.S. Virgin Islands' economy. Among these measures are the Virgin Islands Visa Waiver Act and a host of tax parity initiatives designed to address historical inequities and stimulate economic growth in the territory, according to the congresswoman. This reintroduction follows previous unsuccessful attempts to advance similar measures, which faced significant challenges in earlier sessions of Congress.
“The introduction of these new bills is part of our legislative strategy toward improving the economy of the U.S. Virgin Islands,” said Ms. Plaskett. “These bills, along with others to come, will improve the Virgin Islands’ economic development authorities under the Internal Revenue Code.”