Guam § 58132 - Modification of Tax Benefits.

§ 58132. Modification of Tax Benefits.

In the event that a Beneficiary proposes to substantially expand or add to its activities and desires to

obtain a modification of its original Qualifying Certificate to include its proposed additional activities, then

upon findings and recommendations of the Authority, I Maga’håga/Maga’låhi may modify the original

Qualifying Certificate, subject to the following conditions:

(a) Findings. The Authority specifically finds that the additional proposed activities of the

Beneficiary satisfy the requirements of §§ 58103 and § 58106 of this Chapter and that the Authority

makes recommendations required by § 58109 of this Chapter;

(b) Cancellation of original Certificate. The original Qualifying Certificate shall be surrendered

and cancelled;

(c) Changes in benefits. The tax benefits applicable to the additional activities may be at rates or

for a term different from those tax benefits applicable to the activities described in the original

Qualifying Certificate, and the new Qualifying Certificate may include terms, conditions, rebates or

abatements different from those in the original Qualifying Certificate.

2025 NOTE: Reference to the “Governor” replaced with I Maga’håga/Maga’låhi pursuant to 5 GCA § 1510.

COL 2025-08-27