Guam § 1405 - Incentive(s).
Full text of Guam Guam Code Annotated § 1405 — Incentive(s)., with citation guidance and answers to common questions.
§ 1405. Incentive(s).
(a) Each business participating in the “Made in Guam” Incubator Program shall only pay one-half (½)
of the total amount payable for the business license needed to transact business at the Antonio B. Won Pat
Guam International Air Terminal. This partial payment shall be made available for a period of two (2) tax
years from the date of entry into the program. Thereafter, the licensee will pay the full cost of the business
license.
(b) Each participant, to the extent the Authority is allowed, shall be charged the lowest possible
percentage of gross sales for up to two (2) years and may be charged a graduated rate as a percentage of
gross sales after the two (2) year period, not to exceed ten percent (10%), in lieu of a charge per square foot,
for lease or use of space. The Executive Manager may reduce or waive any other charges that may be
imposed on each participating business.
Frequently Asked Questions About Guam § 1405
What does Guam Code Annotated § 1405 cover?
Section 1405 ("Incentive(s).") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 1405?
A common citation format is "Guam Code Annotated § 1405" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 1405 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.