The REVIVE VI Act would modify federal tax rules to help boost the Virgin Islands economy by excluding certain service income earned in the territory from a global tax calculation that currently applies to U.S. shareholders of foreign corporations. Specifically, the bill exempts income from services performed within the Virgin Islands by Virgin Islands-formed corporations from the global intangible low-taxed income (GILTI) tax, which was designed to prevent U.S. companies from shifting profits overseas. This tax break applies to U.S. individuals, trusts, estates, and certain closely held corporations that owned their Virgin Islands investments before the end of 2023. The provision takes effect for foreign corporations' tax years beginning after the bill's enactment and aims to encourage business investment and job creation in the territory by making it more financially attractive to perform services there. The bill does not specify any direct federal spending or establish a timeline beyond the effective date.