Registration and Taxation of Campaign Funds

Any political candidate, committee, or party, which raises contributions or other things of value for campaign or political purposes, shall not be required to register with the Department of Revenue and Taxation nor file any tax returns with the Department of Revenue and Taxation unless liable for the Guam Income Tax. There shall be no business privilege tax imposed on campaign contributions or money or things of value raised from fund-raising activities if later reported to the Election Commission, whether or not required to do so under any provision of this Title. SOURCE: Added by P.L. 18-030:54 (Feb. 19, 1986) as 3 GCA § 19114. Amended pursuant to P.L. 29-002:VI:28 (May 18, 2007) which mandated that references in laws, documents and regulations to “Gross Receipts Tax,” be changed to “Business Privilege Tax.” Repealed and reenacted to this section by P.L. 31-255:2 (Dec. 11, 2012). 2025 NOTE: Reference to “Territorial” replaced with “Guam” pursuant to 1 GCA § 420.