Senators introduce bills on first official day - KUAM.com-KUAM News: On Air. Online. On Demand.

Senators introduce bills on first official day

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Members of the 35th legislature wasted no time introducing new bills.

Republican Sen. James Moylan is proposing to roll back two hotly debated tax increases passed by the previous body. He seeks to revert the 5-percent business privilege tax to the previous 4-percent. But the reduction wouldn't be effective until the new fiscal year on Oct. 1, as Moylan says the BPT increase is already part of the current budget.

He also proposes a rollback of the liquid fuels tax to the pre-January 2018 rate, which would also be effective next fiscal year.

Meanwhile, Sen. Joe S. San Agustin introduced a bill to clarify that a tax increase bill previously vetoed by former Gov. Eddie Calvo, applies to property worth $1 million dollars or more. The expected proceeds are already earmarked for the educational facilities fund.

In all, senators introduced more than a dozen measures in their first official day in office.

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