Guam § 11106 - Duties.

§ 11106. Duties.

The Commission shall:

(a) compile the records and work products of previous

commissions, to include the commissions formed under Executive

Orders 1986-09, 1987-06, and 2003-04; and Public Laws 20-181, 22-

74, and 27-56;

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(b) review Guam’s tax structure and tax policies, including tax

exemptions and credits, which may include a comparative analysis of

such policies in relation to other jurisdictions within the United States;

(c) review the procedure and policy options available to the

government of Guam with regard to de-linking from the U.S. Internal

Revenue Code under §1271 of Public Law 99-514;

(d) review estimates of the fiscal impact of potential changes to

Guam’s tax structure and policies;

(e) develop informational reports and/or recommendations

regarding Guam’s tax structure and tax policies, procedure and policy

options available to the government of Guam with regard to de-linking

from the U.S. Internal Revenue Code as deemed appropriate by the

Commission, and the fiscal impacts of potential changes to Guam’s tax

structure and policies;

(f) develop a uniform tax code for Guam; and

(g) transmit a copy of any such reports and/or recommendations

as adopted by the Commission regarding tax policy to I Maga’lahen

Guåhan and the Speaker of I Liheslaturan Guåhan.