12 GCA § 58127.1: Property Taxes.

All taxes now levied by virtue of Chapter 24, Title 11, Guam Code Annotated, known as the Real Property Tax Law, shall be abated for a period up to ten (10) years from the effective date of the Qualifying Certificate therefor, and as long as said Certificate is in force and effect; provided, that the real property on which the tax is assessed is only utilized by the Beneficiary for activities identified in the Qualifying Certificate.