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59 chapters · 1,237 sections in this title.
11 GCA § 50101 Short Title
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This Chapter shall be known and may be cited as the Income Tax Refund Reserve Fund Law. SOURCE: Added by P.L. 22-140:IV:2(b) (Sept. 29, 1994), eff. Oct. 1, 1994.
11 GCA § 50102 Creation of Income Tax Refund Reserve Fund; No
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Commingling. There is hereby created, separate and apart from other funds of the government of Guam, a reserve fund known as the Income Tax Refund Reserve Fund (the Fund). The Fund shall not be commingled with the General Fund or any other funds of the government of Guam, and it …
11 GCA § 50103 Formula for Reserve Funds for Income Tax
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Refunds, Earned Income Tax Credits, and Child Tax Credits. COL9192018 Each year, the Director of Revenue and Taxation, in consultation with the Director of Administration and the Director of the Bureau of Budget and Management Research, shall establish a formula for reserving inc…
11 GCA § 50104 Revenues Reserved for Income Tax Refunds,
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Earned Income Tax Credits and Child Tax Credits. In accordance with the formula provided for in § 50103 of this Chapter, the Director of Administration shall, as a ministerial duty, set aside all money reserved for income tax refunds, and shall set aside earned income tax credits…