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B 125-38

AN ACT TO ADD A NEW § 70133 AND RENUMBER THE EXISTING § 70133 TO § 70134, ALL OF CHAPTER 70, TITLE 11, GUAM CODE ANNOTATED, RELATIVE TO EXPANDING HOUSING AVAILABILITY BY AUTHORIZING THE DEPARTMENT OF REVENUE AND TAXATION TO ISSUE TEMPORARY BUSINESS LICENSES FOR RESIDENTIAL UNITS THAT MEET INSPECTION REQUIREMENTS ESTABLISHED BY A CERTIFIED HOME INSPECTOR LICENSED BY THE GOVERNMENT OF GUAM.

38th Guam Legislature

Overview: Bill B 125-38, "AN ACT TO ADD A NEW § 70133 AND RENUMBER THE EXISTING § 70133 TO § 70134, ALL OF CHAPTER 70, TITLE 11, GUAM CODE ANNOTATED, RELATIVE TO EXPANDING HOUSING

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Bill Summary · B 125-38

Overview: Bill B 125-38, "AN ACT TO ADD A NEW § 70133 AND RENUMBER THE EXISTING § 70133 TO § 70134, ALL OF CHAPTER 70, TITLE 11, GUAM CODE ANNOTATED, RELATIVE TO EXPANDING HOUSING AVAILABILITY BY AUTHORIZING THE DEPARTMENT OF REVENUE AND TAXATION TO ISSUE TEMPORARY BUSINESS LICENSES FOR RESIDENTIAL UNITS THAT MEET INSPECTION REQUIREMENTS ESTABLISHED BY A CERTIFIED HOME INSPECTOR LICENSED BY THE GOVERNMENT OF GUAM."

Purpose and Intent: The main goal of this bill is to increase the availability of housing on Guam by allowing the Department of Revenue and Taxation to issue temporary business licenses for residential units that pass inspection by a certified home inspector. This is intended to bring more rental units into the legal market and provide more housing options for residents.

Key Provisions:
- Adds a new § 70133 to Chapter 70, Title 11 of the Guam Code Annotated
- Authorizes the Department of Revenue and Taxation to issue temporary business licenses for residential units that meet inspection requirements set by a certified home inspector
- Requires the Department to establish a process for inspections and licensing of these temporary rental units
- Renumbers the existing § 70133 to § 70134

Affected Parties and Impacts:
- Homeowners and landlords will be able to legally rent out residential units after passing inspection
- Renters will have access to more legal and inspected housing options
- The Department of Revenue and Taxation will be responsible for administering the new temporary licensing program

Procedural and Timeline Considerations:
- The bill has been introduced in the 38th Guam Legislature
- If passed, the Department of Revenue and Taxation will need to establish the necessary rules and processes to implement the new temporary licensing program

Compiled from official sources — confirm details with the bill’s official record.

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