There is a newer version of this Chapter
2023
2022
2021
2020
2019 (you are here)
Other previous versions
View our newest version here

2019 Guam Statutes
Title 11 - Finance & Taxation
Division 2 - Taxes
Chapter 38 - Tax Credit in Lieu of Cash Payment

Universal Citation: 11 Guam Code §§ 38101 - 38102 (2019)
Previous Next

Download as PDF
11 GCA FINANCE & TAXATION CH. 38 TAX CREDIT IN LIEU OF CASH PAYMENT CHAPTER 38 TAX CREDIT IN LIEU OF CASH PAYMENT § 38101. Acquisition of Privately Owned Lands. § 38102. Rules and Regulations. § 38101. Acquisition of Privately Owned lands. Notwithstanding any law or rules and regulations to the contrary, when the government of Guam cannot make cash payment for the acquisition of privately-owned lands due to the unavailability of funds or for other reasons, the owner of such real property acquired by the Government may elect to receive tax credits in lieu of cash on any taxes, except income taxes, payable to the Government in an amount equivalent to the cash compensation for the property. SOURCE: GC § 19900, as added by P.L 14-69. § 38102. Rules and Regulations. The Director of Revenue and Taxation shall, pursuant to the Administrative Adjudication Act, formulate rules and regulations to implement the provisions of §38101. SOURCE: GC § 19901, as added by P.L. 14-69:1. ---------- 1 COL120106
Previous Next
Disclaimer: These codes may not be the most recent version. Guam may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.