Latest Bill From Senator Tony Ada Seeks Accurate EITC Data on FSM Citizens

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Guam – In an effort to ensure that GovGuam is getting all it should from the Feds in compact aid, Senator Tony Ada has introduced a measure that would authorize the Department of Rev & Tax to determine the amount of Earned Income Tax Credits GovGuam has paid to FAS citizens.

Bill 72-31 seeks to put GovGuam in a better position to seek re-imbursement from the federal government for the impact FSM citizens have on the island resulting from the Compact of Free Association between the U.S. and the FAS.

In a release, Senator Ada says the aim is to get a more accurate picture of how much of the EITC has been paid to FSM citizens so that GovGuam can seek full re-imbursement for these payments from the Federal Government.

Read Bill 72-31

The release also states: “For years, GovGuam has paid millions of dollars to eligible taxpayers regardless of the income taxes due. Many of these payments have been made to FAS citizens and continue to be a burden on GovGuam finances.”

Senator Tony Ada wants accurate EITC data for

compact impact re-imbursement 

GovGuam may be in a better position to seek re-imbursement from the federal government for impact by citizens of the Freely Associated States(FAS) resulting from Compacts of Free Association between the United States and the FAS.  Bill No. 72-31,   introduced today by Senator Tony Ada, would authorize the Department of Revenue and Taxation to obtain information that would enable it to determine the amount of Earned Income Tax Credits GovGuam has paid to FAS citizens.  GovGuam, according to Senator Ada, should then seek re-imbursement for these payments. 

For years, GovGuam has paid millions of dollars to eligible taxpayers regardless of the income taxes due. Many of these payments have been made to FAS citizens and continue to be a burden on GovGuam finances.