By Pacific Island Times News Staff
Gov. Lou Leon Guerrero today signed into law a bill extending the waiver on liquid fuel tax.
“In the aftermath of typhoon Mawar, our community relies on fuel for relief, whether to power their generators while the hardworking men and women of the Guam Power Authority strive to restore power to our community, to power equipment necessary to clear green waste and debris the storm left behind, or to help our community restore normalcy in their own lives, whether that means getting to work or to school,” the governor said in a letter to Speaker Therese Terlaje.
Sen. Joe San Agustin’s Bill 135-37 is now Public Law 37-18.
The extension provided by a previous law, P.L. 36-124, expired on June 17.
“The waiver on the liquid fuel tax is even more critical today than it was the day it was first implemented,” the governor said.
“The purpose of the (Guam tax relief act) was to help stabilize the rising price of fuel gasoline on Guam by temporarily waiving the levy of excise taxes, automotive surcharges, and mass transit automotive surcharges on liquid fuel collected under Guam law,” she added.