San Nicolas says DRT-IRS stimulus agreement can be released for public review

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Congressman Michael San Nicolas (PNC file photo)

Guam Congressman Michael San Nicolas has issued a release saying he took part in a conference call with the Internal Revenue Service during which the IRS “unmistakably clarified that the local government can release the approved Economic Impact Payments (EIP) plan remitted to DRT.”

His release follows a letter sent Wednesday by  Guam Department of Revenue and Taxation Director Daphne Shimizu to Speaker Tina Muna Barnes in which Shimizu stated that “DRT is unable to provide copies of agreements with the U.S. Treasury or the Internal Revenue Service” because of the need to be kept such documents confidential as required by “treaty obligations” under “26 U.S. Code 6105.”

Shimizu was responding to the provisions in Bill #333 which became law Tuesday after lawmakers overroad the Governor’s veto of the measure by a vote of 14 to 1.

Shimizu noted that the bill, now law asks “every director or agency head (to) submit to (the Legislature) a copy of any agreement signed on behalf of the agency or the government of Guam within twenty-four (24) hours of signing.”  Rev and Tax can not comply with that provision according to Shimizu.

However San Nicolas says they can and he sent a letter to the author of Bill #333, Sen. Therese Terlaje advising her that the “DRT stimulus plan should be available for review.”

“I hope that this letter can further empower her efforts at local transparency on the overall program, as many of our constituents are concerned about whether or not their recent filings are included,” stated the Congressman in his release.

READ Congressman San Nicolas’ release in FULL below:

For Immediate Release

Congressman writes Senator supporting release of Department of Revenue and Taxation (DRT) stimulus plan

In a letter addressed to Senator Therese Terlaje, Congressman San Nicolas affirms her assertion that the DRT stimulus plan should be available for review.

“In a conference call with IRS it was unmistakably clarified that the local government can release the approved Economic Impact Payments (EIP) plan remitted to DRT,” said Congressman San Nicolas.

“I hope that this letter can further empower her efforts at local transparency on the overall program, as many of our constituents are concerned about whether or not their recent filings are included,” Congressman San Nicolas concludes.