Guam § 58127 - Development of Affordable Housing.
Full text of Guam Guam Code Annotated § 58127 — Development of Affordable Housing., with citation guidance and answers to common questions.
§ 58127. Development of Affordable Housing.
All taxes levied by virtue of Article 2, Chapter 26, Title 11, Guam Code Annotated, known as business
privilege taxes, shall be abated for a period up to twenty (20) years from the effective date of the Qualifying
Certificate therefor, for those gross receipts derived from the construction of affordable housing; provided,
that a Qualifying Certificate for such a tax abatement is granted pursuant to the provisions of this subsection.
The Beneficiary may be a developer, contractor or subcontractor or a combination of two (2) or more thereof
so long as all the receipts the subject of the abatement are derived from the construction of no less than
twenty-five (25) affordable housing units, as “affordable housing” is defined by the Authority.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 58127
What does Guam Code Annotated § 58127 cover?
Section 58127 ("Development of Affordable Housing.") 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 § 58127?
A common citation format is "Guam Code Annotated § 58127" (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 § 58127 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.