Senator Taijeron Introduces Measure For Businesses That Invest In Green Technology

163

Guam- Senator Mana Silva Taijeron wants to expand the eligibility of a Qualifying Certificate (QC) application to businesses that promote green technology and protect Guam’s environment.
In a release from her office, Taijeron states she is hopeful the tax breaks offered in Bill 342-31 “will attract off-island investors who utilize green technology and further encourage local businesses to follow suit.”

READ Bill # 342

In particular, the measure would extend QC eligibility to industries and activities including energy efficiency, renewable energy and environmental cleanup.

Read  Senator Silva-Taijeron’s release in FULL below:

Bill 342-31 Expands QC Eligibility to Businesses that Invest in Green Technology

FOR IMMEDIATE RELEASE

October 10, 2011

Senator Mana Silva Taijeron today introduced Bill 342-31 (COR), which expands the eligibility of a Qualifying Certificate (QC) application to include industries and activities that promote the protection of Guam’s natural resources. Qualifying Certificates, administered by the Guam Economic Development Authority, are granted on the basis of investment commitment, the potential for creating new employment and the expansion of island industries.

“Now more than ever, we must do what we can to protect our environment,” said Senator Silva Taijeron. “This bill extends QC eligibility for businesses that promote environmental awareness and work toward preserving Guam’s natural resources. With the tax breaks offered, I am hopeful that the legislation will attract off-island investors who utilize green technology and further encourage local businesses to follow suit.”

The bill will extend QC eligibility to industries and activities including energy efficiency, renewable energy and environmental cleanup. Sen. Silva Taijeron consulted with representatives of GEDA while drafting Bill 342-31.