Senator Bolques' Bill 35-0272 passes Committee of Finance

  •  9/25/2024 04:54 PM

Senator At Large Angel L. Bolques, Jr. expressed gratitude to the Committee on Budget, Appropriations, and Finance for their strong support of Bill No. 35-0272. The bill introduces key amendments to the Virgin Islands Code, increasing the motor vehicle rental surcharge from $3.75 to $5.00, primarily affecting tourists. This measure is expected to generate between $850,000 to over $1 million annually, helping to balance the FY25 budget while safeguarding residents from additional financial burdens. The bill now moves to the Committee on Rules and Judiciary for further consideration.