The aggregate amount of tax credits authorized by this Article for all contributors shall not exceed One Million Dollars ($1,000,000).

SOURCE: Added by P.L. 27-130:1 (Dec. 20, 2004) as § 77403. Renumbered by the Compiler pursuant to authority of 1 Guam Code Ann. § 1606.

§ 77504. Determination of Amount of Contribution for
Donated Merchandise.

The amount of contribution of any donated merchandise used in the development, construction and improvement of the outdoor multi-purpose sports complex at the University of Guam shall be the actual cost of the item plus the cost of transportation from the point of origin to its destination without profit, mark-up or taxes.

SOURCE: Added by P.L. 27-130:1 (Dec. 20, 2004) as § 77401. Renumbered by the Compiler pursuant to authority of 1 Guam Code Ann. § 1606.