Bill Approving Use of Reserves to Pay Another $33M in Refunds PASSED 14-0

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Guam – Guam lawmakers Monday afternoon approved Bill #470, an emergency piece of legislation that authorizes the use of $33-million dollars in reserve funds to be used to help pay more of the 2011 tax refunds still owed.

The idea was proposed by Governor Calvo last Thursday, the legislation was introduced by Senator Judi Guthertz last Friday.

Speaker Won Pat declared an emergency allowing the measure to be placed on the agenda without a public hearing and this afternoon it passed on a vote of 14-0. Senator Ben Pangelinan was absent.

Guthertz, who sponsored the legislation, immediately issued a release in which she declared: “As I’ve said, loud and clear, many times before, it’s your money and it’s our obligation to make sure it gets returned to you, promptly.” 

Rev & Tax Director John Camacho told PNC News that the additional checks could be in the mail by as earlier Thursday, which is the same day that the refund checks drawing on the recent $60-million bond will also go out.

READ Senator Judi Gutherz’ release in full below:

SENATOR GUTHERTZ DELIGHTED AS GUAM TAXPAYERS CAN NOW LOOK TO THEIR MAILBOXES FOR TAX REFUND RELIEF; BILL 470 GIVES CHECK SIGNING GO-AHEAD TO GOVERNOR CALVO

Guam taxpayers should not have long to wait now, after the Guam Legislature voted to clear the way for Governor Eddie Baza Calvo to sign off on tax refund checks that should go out to most eligible taxpayers within the next week.

The bill, now law, gives the Governor the authorization he said he needed to tap funds that had been held in reserve to pay tax year 2012 refunds; he had resisted using these funds on legal grounds.

Senator Judi P. Guthertz provided the basis for the payment with the legislation, which was then fleshed out with input from Adelup.

“As I’ve said, loud and clear, many times before, it’s your money and it’s our obligation to make sure it gets returned to you, promptly,” Senator Guthertz said.