Implementation by Tax Commissioner

The Tax Commissioner of Guam shall, no later than ninety

(90)days after the effective date hereof, develop necessary procedures to implement this Chapter, and to that end shall:

(a)issue such rules and regulations as he or she may deem necessary to implement this Chapter;

(b)promulgate such forms and publications as are necessary to assist eligible taxpayers to take advantage of this Chapter; and

(c)develop a procedure to allow the set off of an unpaid tax COL 110609 CH. 43 EDUCATION APPRECIATION ACT rebate from a prior year against a current year’s tax liability.