Guam § 10109 - Implementation of Tax Credit by Tax

§ 10109. Implementation of Tax Credit by Tax

Commissioner.

The Tax Commissioner of Guam shall, no later than ninety

(90) days after the enactment hereof, in cooperation with the

Director, develop procedures to implement the tax credit

authorized by this Article, and to that end shall:

(a) enact such requirements for claimants as may be

necessary to implement this Article;

(b) promulgate forms and publications to assist eligible

businesses claiming the tax credit;

(c) develop procedures to facilitate the off-set of tax

credits against business privilege tax liabilities; and

(d) coordinate with the Director relative to verifying

eligible business privilege tax credits. The Director shall

certify eligible training costs paid or incurred pursuant to the

Program.