The Senate Finance Committee has asked the Chamber for its comments on Bill #29-0232 which it will consider on Tuesday, February 21, 2012. Proposed by Senator Nereida Rivera O'Reilly, the bill will impose a marine terminal users tax of $1 per passenger on all cruise ships arriving on St. Croix. The proceeds from the tax would be earmarked for the St. Croix Capital Improvement Fund to improve the downtown areas of St. Croix. Based on figures provided by the Department of Tourism, the tax would generate approximately $144,000 per year given the current level of cruise ship arrivals. Nonetheless, the Department of Tourism has concerns that the tax could potentially undermine its efforts to attract more cruise ship arrivals to St. Croix, which in turn would undercut the total number of tourists visting St. Croix and their spending on transportation, restaurants, retails stores, etc. A copy of the two page bill is attached. Please email any comments you may have to the Chamber no later than 3 p.m. Friday, February 17.