Tax Exemptions

Bonds issued pursuant to the provisions of this Article and the interest or income therefrom are exempt from taxation to the extent permitted by the provisions of Section 11 of the Organic Act of Guam. SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14073. Codified as 12 GCA § 10224. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017). 2017 NOTE: This provision was originally enacted as Same: Temporary, which was reenacted by P.L. 34-070:2 (Dec. 7, 2017) as 12 GCA § 10222, Temporary Bonds.