Guam § 60102 - Tax Exemptions.
Full text of Guam Guam Code Annotated § 60102 — Tax Exemptions., with citation guidance and answers to common questions.
§ 60102. Tax Exemptions.
(a) For the purpose of the taxes imposed upon income pursuant of
the Guam Territorial Income Tax (as established and defined in 48
U.S.C. §1424(i) gross income of a FSC does not include any foreign
trade income of such FSC.
(b) For the purpose of the taxes imposed upon income pursuant to
the Guam Territorial Income Tax (as established and defined in 48
U.S.C. §1424(i) gross income of a FSC does not include any investment
income or carrying charges of such FSC.
(c) For the purposes of the taxes imposed upon income pursuant to
the Guam Territorial Income Tax (as established and defined in 48
U.S.C. §1424(i)), gross income of an FSC does not include any gross
income derived from sources without Guam, determined under Section
862 of the Guam Territorial Income Tax (without regard to Section 865
of the Guam Territorial Income Tax).
Frequently Asked Questions About Guam § 60102
What does Guam Code Annotated § 60102 cover?
Section 60102 ("Tax Exemptions.") 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 § 60102?
A common citation format is "Guam Code Annotated § 60102" (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 § 60102 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.