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Bill

B 136-38

AN ACT TO AMEND P.L. 35-138 RELATIVE TO MODIFYING THE EFFECTIVE DATE OF THE TAX CREDITS FOR THE GUAM MEMORIAL HOSPITAL AUTHORITY.

38th Guam Legislature

Bill B 136-38 changes when GMHA tax credits from P.L. 35-138 can be claimed, shifting when GMHA and Guam collect relief and affecting state revenue timing.

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Bill Summary · B 136-38

Summary: Bill B 136-38

Overview

Bill B 136-38 is an act titled “An Act to Amend P.L. 35-138 Relative to Modifying the Effective Date of the Tax Credits for the Guam Memorial Hospital Authority.” The bill proposes changing the effective date for the tax credits that were established for the Guam Memorial Hospital Authority (GMHA) under P.L. 35-138. The introduced date is November 27, 2025. The status of the bill is not provided in the available information.

Purpose and intent

  • The primary purpose is to modify when the GMHA tax credits can first be claimed or utilized by GMHA, by altering the statutory effective date currently set in P.L. 35-138.
  • By changing the timing, the bill aims to adjust when GMHA can receive the tax relief created by the credits, which can influence GMHA’s financial planning and timing of tax expenditures.

Key provisions (as indicated by the bill title)

  • Amend P.L. 35-138 to change the effective date of the GMHA tax credits.
  • The bill will specify a new effective date within its text. If applicable, it may also include transitional rules or clarifications to align with the new date.
  • Other details, such as the scope of the credits or interaction with other tax provisions, will be defined in the bill’s full text.

Affected parties and impact

  • Guam Memorial Hospital Authority (GMHA): Primary beneficiary; the change determines when GMHA can begin to claim or utilize the tax credits.
  • Guam Department of Revenue and Taxation (or equivalent tax administrator): Responsible for implementing the revised effective date and ensuring compliance.
  • Guam taxpayers and government finances: Timing of tax expenditures related to GMHA credits could affect state revenue timing and GMHA’s financial planning.

Procedural and timeline considerations

  • Introduced: November 27, 2025.
  • Status: Not specified in the provided information.
  • Next steps (typical): Committee review, potential amendments, floor votes, and, if approved, enactment with an effective date as specified in the bill. The precise date and any transitional provisions will be contained in the bill’s text.

Notes

  • The summary above reflects the bill’s stated purpose based on the title and available details. For a complete understanding, the full bill text and any fiscal notes or committee reports should be consulted to confirm the exact new effective date and any accompanying provisions.

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

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