As of July 9, the Guam Department of Revenue and Taxation has processed a total of 70,866 economic impact program payments-- including the last batch completed last week-- totaling about $129.3 million, the Office of the Governor said yesterday.
Citizens of freely associated states who are living in a U.S. territory are entitled to economic impact payments, which will come from the local tax agency of the host jurisdiction, according to the Internal Revenue Service.
As unemployment rates rise and many businesses remain closed, Vice Speaker Telena Cruz Nelson has asked for an update on the processing of economic impact Ppayments, or stimulus checks, as highly anticipated by the people of Guam.
The Guam Department of Revenue and Taxation (DRT) has processed a total of 53,800 economic impact payments this month, including the 3,300 worth approximately $6.25 million that were processed today. These processed payments totaled $102.15 million.