Guam § 58128 - One Hundred Percent Rebate on Income from Constructing Affordable Housing.
Full text of Guam Guam Code Annotated § 58128 — One Hundred Percent Rebate on Income from Constructing Affordable Housing., with citation guidance and answers to common questions.
§ 58128. One Hundred Percent Rebate on Income from Constructing Affordable Housing.
A rebate of one hundred percent (100%) of all income tax paid to the government of Guam by a
Beneficiary on income received from the construction of affordable housing in Guam may be issued for a
period not to exceed twenty (20) consecutive years from the effective date of a Qualifying Certificate
therefor. The Beneficiary may be a developer, contractor or subcontractor or a combination of two (2) or
more thereof so long as all the income the subject of the rebate is 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 § 58128
What does Guam Code Annotated § 58128 cover?
Section 58128 ("One Hundred Percent Rebate on Income from Constructing 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 § 58128?
A common citation format is "Guam Code Annotated § 58128" (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 § 58128 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.