Credits Against Business Privilege Tax

To the extent that any business licensed to do business on Guam contributes the cost of design, labor and materials to design and/or construct the Guam Raceway Park, such business must be certified by GEDA to be eligible for any credits against Business Privilege Taxes as authorized by the Act. The maximum amount of such credits authorized on an annual basis shall also be certified by GEDA prior to expenditures by any licensed business for the Guam Raceway Park. The maximum amount of credits authorized shall be subject to the limitations set forth in § 9 of the Act.