11 GCA § 5201
Limited Gaming Tax
View official PDF ↗(a)There is hereby imposed a limited gaming tax on the gross receipts from limited gaming activities allowed by this Act in Guam. The tax rate on limited gaming activities shall be four percent.
(b)
(1)The Department shall collect the amount of limited gaming tax on the gross receipts from limited gaming activities COL9222017 CH. 5 GAMING ACTIVITIES determined pursuant to Subsection
(a)of this Section from any limited gaming licensee owing the tax, and shall have all of the powers, rights, and duties provided for by law to carry out such collection.
(2)All moneys collected pursuant to this Section shall be deposited in the Fund created by § 5204 of this Act.
(c)Senior Citizen Centers. Notwithstanding the provisions of 11 GCA § 5205(a), all bingo games or raffles being conducted in the senior centers by persons enrolled in the senior program shall not be taxable. Any income derived from the bingo games or sale of raffle tickets shall go towards the activities of the senior citizens and for exclusive use by the senior citizens.
§ The story of this section
- Enacted by P.L. 32-60 § 2 — introduced as Bill 19-32 · introduced by Christopher M. Duenas · lead sponsor unverified
- Enacted by P.L. 32-68 § XII — introduced as Bill 1-32
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.