(a) For any violation of any provision of this chapter, the Commissioner of the Department of Licensing and Consumer Affairs, in consultation with the Director of the Bureau of Internal Revenue, may impose an administrative fine of not less than $1,000 for a first offense, and not less than $3,000 but not more than $5,000 for subsequent offenses.
(b) The money collected as fines imposed under this chapter shall be deposited into the General Fund of the Government of the United States Virgin Islands. However, twenty percent (20%) of fines collected shall be redirected to the Criminal Investigation Division of the Bureau of Internal Revenue in order to strengthen its investigative role regarding violations of the tax laws of the Virgin Islands and, another twenty percent (20%) shall be redirected to the Enforcement Division of the Department of Licensing and Consumer Affairs to strengthen its enforcement of the Virgin Islands business licensing laws.