Bill expands QC eligibility

by Nick Delgado

Guam – Senator Mana Silva Taijeron introduced Bill 342, which expands the eligibility of a qualifying certificate application. This would include industries and activities promoting the protection of Guam's natural resources. The Guam Economic development authority administers the QC that's granted on the basis of investment commitment, the potential for new employment and expansion of island industries. Taijeron states, "Now more than ever, we must do what we can to protect our environment. This bill extends QC eligibility for businesses that promote environmental awareness and work toward preserving Guam's natural resources. With the tax breaks offered, I am hopeful that the legislation will attract off-island investors who utilize green technology and further encourage local businesses to follow suit."

She adds the measure would extend the QC eligibility to industries and activities including energy efficiency, renewable energy and environmental cleanup.