Guam § 60114 - Applicable Taxes on Leasing of Land by
Full text of Guam Guam Code Annotated § 60114 — Applicable Taxes on Leasing of Land by, with citation guidance and answers to common questions.
§ 60114. Applicable Taxes on Leasing of Land by
Autonomous Agencies, Public Corporations, and Other
Public Instrumentalities of the Government of Guam for
Commercial Purposes.
Taxes shall be applied to lands leased as stipulated in § 60114
of this Chapter.
(a) Notwithstanding § 26203(a) of Chapter 26, Article
2, Title 11, Guam Code Annotated, business privilege tax
shall be paid on all income received as lease payments on
commercial leases by autonomous agencies, public
corporations, and other public instrumentalities of the
government of Guam.
(b) Notwithstanding § 24401(a) of Chapter 24, Article
4, Title 11, Guam Code Annotated, real estate tax shall be
paid on the leasehold and all improvements constructed on
lands leased in commercial leases by autonomous agencies,
public corporations, and other public instrumentalities of the
government of Guam.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 60114
What does Guam Code Annotated § 60114 cover?
Section 60114 ("Applicable Taxes on Leasing of Land by") 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 § 60114?
A common citation format is "Guam Code Annotated § 60114" (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 § 60114 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.