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Tax Relief for Virgin Islands Service Companies

This act aims to boost the economy of the Virgin Islands by changing tax rules. Companies providing specific services in the Virgin Islands may benefit from more favorable tax treatment, encouraging investment and job creation. These changes could indirectly impact the local economy and service availability.
Key points
Virgin Islands companies providing services will have altered rules for calculating global intangible low-taxed income.
New provisions apply to income from labor or personal services performed in the Virgin Islands by local corporations.
The changes are intended to revitalize the economy and encourage investment in the Virgin Islands.
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Status: Introduced
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Additional Information
Print number: 119_HR_858
Sponsor: Rep. Estes, Ron [R-KS-4]
Process start date: 2025-01-31
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

REVIVE VI Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 119_HR_858.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2025-01-31.

What are the main provisions?

Key points include:

  • Virgin Islands companies providing services will have altered rules for calculating global intangible low-taxed income.
  • New provisions apply to income from labor or personal services performed in the Virgin Islands by local corporations.
  • The changes are intended to revitalize the economy and encourage investment in the Virgin Islands.
What is the specific legal status?

The current status is Introduced.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Estes, Ron [R-KS-4].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-23.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Economy