Guam – Businesses adversely affected by road construction will receive some measure of relief from costs associated with the government of Guam if Bill No. 25-31, introduced today by Senator Tony Ada, becomes law.
Bill No. 25-31 would exempt businesses located in the vicinity of road construction projects from paying fees and excise taxes for one year. The bill also authorizes the Guam Economic Development Authority to extend working capital loans these businesses.
“Businesses in Barrigada, Sinajana, and other areas where road construction is taking place are experiencing a drastic downturn in patronage. Their employees have had a reduction in work hours or have been laid off. At least one business has shut down and others may likewise be forced to cease operations.”, states Ada. He adds that “Since the government is the cause of this suffering, the government must provide much needed relief. The intent is to help them keep their doors open and give them time to recover their losses.”
Bill No. 25-31 is co-sponsored by Vice Speaker B.J. Cruz