COMMITTEE ON BUDGET, APPROPRIATIONS AND FINANCE 
 
 
BILL NO. 
35-0333 
 
Thirty-Fifth Legislature of the Virgin Islands 
 
 
 
September 18, 2024 
 
 
 
An Act amending title 33 Virgin Islands Code, subtitle 2, chapter 81, section 2305 by 
increasing the maximum annual gross income qualifying amount for the homestead exemption 
tax credit for individuals and persons with disabilities and increasing the amount for a 
household of individuals and persons with disabilities 
 
 
 
PROPOSED BY: 
 
Senators Marvin A. Blyden and Angel L. Bolques, Jr. 
 
Be it enacted by the Legislature of the Virgin Islands: 
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SECTION 1. Title 33 Virgin Islands Code, subtitle 2, chapter 81, section 2305 is 
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amended in subsection (b)(3)(B) and (b)(4)(B) by striking “$30,000” and inserting “$45,000” 
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and by striking “$50,000” and inserting “$75,000” where they appear in the two instances.   
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BILL SUMMARY 
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This bill increases the maximum gross income qualifying amount to be eligible for the 
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homestead exemption tax credit for individuals and for persons with disabilities from $30,000 
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to $50,000 and by increasing the household amount of individuals and persons with disabilities 
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from $50,000 to $75,000 based on the change in the Consumer Price Index since the threshold 
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was set in 2008. 
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BR23-0443/March 7, 2023/SLR 
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