- by Pacific Island Times News Staff
$19M processed for stimulus payments; $7.2M tax refunds in the mail
The Guam Department of Revenue and Taxation has processed a total of $19 million in payments for 18,000 claimants who filed for ALL RISE program.
DRT announced that the processed payments "A” status applicants have been transmitted to the Treasurer of Guam. “A” status applications are those which meet all eligibility requirements and for which there were no errors.
The federally funded stimulus program provides $800 per eligible individual, $1,600 per joint filers. Payments will be distributed until funds are exhausted.
Gov. Lou Leon Guerrero has set a $30 million ceiling for the program. With $19 million already committed to the first 18,000 processed claims, the rest will compete for the remaining $11 million.
“This release follows the hundreds of millions of dollars processed and released by DRT in economic impact payments and precedes the release of millions more in Child Tax Credit Payments,” Gov. Leon Guerrero said.
“I thank the people of Guam for their patience and thank the hard-working employees at DRT that have withstood the criticisms and pressures that come with trying to get tens of millions of dollars responsibly into the hands of our people who need it most.”
“From cash aid to providing support in health and education, we will continue to focus resources to provide services to our people,” said Lt. Gov. Josh Tenorio. “Even more remarkable is the record-breaking number of applications online, helping to expedite processing of these payments."
As of 6 p.m. Thursday, Sept. 9, a total of 33,209 applications were received with 25,334, or about 76 percent, of them being filed online. DRT is working to process all manual applications so that it can have a final tally of the total dollar amount associated with all applications.
The application period for the All RISE program will end at 5 p.m. on Sept. 15.
DRT also announced it has processed $7.2 million in tax refunds, which the Department of Administration will distribute either through mail or direct deposit.
The amount represents payments of 2,931 error-free returns filed on or before May 16. Fiscal year-to-date, refund payments total over $200 million.