Lawmakers Discuss Bill to Change Statute of Limitations on Property Tax Collections

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Statute of Limitations Could be Lowered to 10 Years

Guam – Lawmakers discussed Senator Mike Limtiaco’s Bill 413 today which extends the deadline for real property tax exemptions and reduces the statute of limitations on the collection of real property taxes.

Senator Mike Limtiaco’s Bill 413 would extend the deadline for real property tax exemptions and reduce the statute of limitations on the collection of real property taxes. It’s similar to a previous bill introduced by Senator Mike San Nicolas that was passed but vetoed by the Governor. “This bill is the iteration of all that was good in the bill with some sections that allow the Government of Guam to retain their ability to collect on prior due real property taxes and extend the deadline for real property tax RPT exemptions. As well as to authorize the use of the tax payer identification number,” said Senator Limtiaco.

One of the differences between Senator San Nicolas’ bill and Senator Limtiaco’s bill is that Limtiaco’s bill reduces the statute of limitations on the collection of real property taxes to 10 years but only after the year 2013 while Senator San Nicolas’ measure would’ve reduced this statute of limitations to ten years even prior to 2013. “Every single tax on this island has a ten year statute of limitations you can only go back ten years but for real property we have a 30 year statute of limitations,” said Senator San Nicolas.

The Governor’s office vetoed San Nicolas’ bill in part because it lowered the statute of limitations to ten years. Something the administration and Rev&Tax says is not fair for others who have been paying their taxes. “But for us to be having a thirty year statute of limitations on our property taxes is incredibly unwieldy for our people and the ones who suffer the most from this 30 year statute of limitations are our senior citizens our manamko,” said San Nicolas.

 

San Nicolas says its unfair to require people to dig up tax receipts that go back for 30 yeas to prove that they’ve paid their taxes. The bill is still being deliberated by the legislature. 

1 COMMENT

  1. This bill is a slap in the face for all those who have made it a point to pay their property taxes. I will not vote for any senator who chooses to vote YES on this poor excuse of a bill. Stop treating these tax evaders with kid gloves!

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