22 GCA § 23113
Tax on Premiums Collected
View official PDF ↗No taxes on qualified captive insurers. Each captive insurance company to which is issued a Special Qualifying Certificate pursuant to the provisions of Chapter 58, Title 12, Guam Code Annotated, shall pay no taxes to the government of Guam on its premium or other insurance income except ad valorem taxes on real and personal property used in the production of income, and to the extent that it is first required to pay its Guam income tax liability thereon before the same is rebated in full, pursuant to its Special Qualifying Certificate. COL120106 CH. 23 CAPTIVE INSURANCE COMPANIES
§ The story of this section
- Enacted by P.L. 17-85 § 1 (bill & sponsor pending — earlier Legislature not yet ingested)
- Amended by P.L. 23-109 § 4 — introduced as Bill 299-23 · introduced by Joe T. San Agustin + 2 cosponsors
- Amended by P.L. 27-54 § 9 — introduced as Bill 156-27 · introduced by Antoinette D. Sanford
Reconstructed from the Guam Code Annotated. For the authoritative version, see the official PDF.