12 Guam Code Ann. § 58129
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In 12 Guam Code Ann. § 58129
- Beneficiary: A person who is entitled to receive the benefits or proceeds of a will, trust, insurance policy, retirement plan, annuity, or other contract. Source: OCC
It is the intent of the Legislature that the abatement or rebate of taxes to Beneficiaries pursuant to §§ 58127, § 58128, § 58129,
§ 58130 and § 58131 of this Chapter shall be abatements or rebates
on the taxes owed on the eligible activities identified in the Qualifying Certificates issued therefor and that no portion of such abatements or rebates shall be later subject to taxation as additional income to the Beneficiary.
§ 58130 and § 58131 of this Chapter shall be abatements or rebates
on the taxes owed on the eligible activities identified in the Qualifying Certificates issued therefor and that no portion of such abatements or rebates shall be later subject to taxation as additional income to the Beneficiary.