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Business tax exemption advances, but lawmakers still unsure

View Comments Certain small businesses on Guam could benefit from limited business privilege tax exemptions through a measure which saw broad support during the latest legislative session, but lawmakers are still hesitant about the reduction in revenues that could result. On Monday, Lawmakers went into committee to discuss Sen. Joe San Agustin s Bill 74, which would permanently exempt business privilege taxes beyond 3% to on the first $250,000 earned annually by small businesses. The exemption applies to businesses that earned between $50,000 and $500,000 in gross annual income in the most recent tax year. With Guam s BPT level at 5%, it would represent a 2% tax reduction on that first $250,000 in earnings. A temporary exemption was put in place by San Agustin and members of the 35th Guam legislature, but is set to expire in June 2022.

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US, international officials decry Insular Cases

HAGÃTÃA (The Guam Daily Post) â A series of U.S. Supreme Court decisions that laid the groundwork for territorial-federal relations continues to be criticized as a racist relic of Americaâs history. On Wednesday, Guam Vice Speaker Tina Muna-Barnes held a public hearing on Resolution 56-36, a bipartisan measure she authored that supports a U.S. congressional effort to publicly reject the decisions known as the Insular Cases. U.S. Rep. Raul Grijalva, a Democrat from Arizona who introduced the House resolution, testified in a prerecorded video that he views the cases as âracist, and contrary to the U.S. Constitution,â and argued they established an unequal legal and political dynamic between the United States and its territories.

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Senators say they can't find Paytel deposit which bill would earmark for inmate calls

Senators say they can't find Paytel deposit which bill would earmark for inmate calls
kuam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuam.com Daily Mail and Mail on Sunday newspapers.

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Rebate could be coming for those buying PPE

Rebate could be coming for those buying PPE
kuam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuam.com Daily Mail and Mail on Sunday newspapers.

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ஒன்றுபட்டது-மாநிலங்களில்
அமெரிக்கன்
வெளிப்படையான-ப்ளாஸ்-ஜூனியர்

Proposed combined health care facility to cost well over a billion dollars

Proposed combined health care facility to cost well over a billion dollars
kuam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kuam.com Daily Mail and Mail on Sunday newspapers.

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