Guam § 70126 - Exemptions.
Full text of Guam Guam Code Annotated § 70126 — Exemptions., with citation guidance and answers to common questions.
§ 70126. Exemptions.
The provision of this Division, and the license requirements thereunder, shall not apply to the following
activities:
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(a) Any business or trade engaged in or conducted by the Government of Guam, or the
Government of the United States, or for the sole and direct benefit of or under the direct supervision
of the Government of Guam.
(b) The selling or marketing by a Guam agricultural producer of his own farm produce in its
natural state.
(c) The business license fees for each business participating in the “Made in Guam” Incubator
Program shall be one-half (½) of the fee assessed for a business license needed to transact business at
the Antonio B. Won Pat Guam International Air Terminal. This partial payment shall be made
available for a period of two (2) tax years from the date of entry into the program. Thereafter, the
licensee will no longer be eligible for the reduced cost of a business license.
Frequently Asked Questions About Guam § 70126
What does Guam Code Annotated § 70126 cover?
Section 70126 ("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 § 70126?
A common citation format is "Guam Code Annotated § 70126" (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 § 70126 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.