GRMC agrees to QC terms - KUAM.com-KUAM News: On Air. Online. On Demand.

GRMC agrees to QC terms

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by Ken Quintanilla

Guam - The Guam Regional Medical City has agreed to the terms of its qualifying certificate request as approved by the Guam Economic Development Authority board of directors late last year. According to GEDA deputy administrator Mana Silva Taijeron, after some clarification, the new hospital formally responded to a letter GEDA sent earlier this month accepting the terms. She says GEDA will now finalize the QC application that will be sent to the Attorney General's Office by the end of the day. Once signed off, it will be sent to the Governor's Office for final consideration and action. The QC for the new hospital will allow 75% income tax rebates for 20 years, 100% real property tax abatement for 10 years and 75% corporate dividend tax rebate for five years.

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