(a) Definition. The term 'net gifts' means the total amount of gifts made during the calendar year, less the deductions provided in section 25.\n(b) Exclusions from gifts. In the case of gifts (other than of future interests in property) made to any person by the donor during the calendar year, the first $3,000 of such gifts to such person shall not, for the purpose of subsection (a) be included in the total of gifts made during such year.
U.S. Virgin Islands Legal Code
24
U.S. Virgin Islands § 24 — U.S. Virgin Islands law