Guam § 68120 - Tax Exemptions.
Full text of Guam Guam Code Annotated § 68120 — Tax Exemptions., with citation guidance and answers to common questions.
§ 68120. Tax Exemptions.
Bonds issued pursuant to the provisions of this Chapter and the
interest or income therefrom are exempt from taxation in accordance
with the provisions of the last sentence of § 11 of the Organic Act.
The exercise of the powers granted by this Chapter will be in all
respects for the benefit of the people of the Territory and will promote
their health and welfare, and the Board shall not be required to pay tax or
assessment on any property owned by the Board under the provisions of
this Chapter or upon the income therefrom.
Frequently Asked Questions About Guam § 68120
What does Guam Code Annotated § 68120 cover?
Section 68120 ("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 § 68120?
A common citation format is "Guam Code Annotated § 68120" (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 § 68120 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.