12 GCA § 58127.2: Rental of Land, Building or Equipment.

All taxes now levied on income derived from the lease of land, buildings, machinery or equipment by virtue of Article 2, Chapter 26, Title 11, Guam Code Annotated, known as business privilege taxes, shall be abated for a period up to ten (10) years, from the effective date of a Qualifying Certificate therefor, and as long as said Certificate is in force and effect; provided, that said income is derived from the lease of land, building, machinery or equipment to a Beneficiary of a Qualifying Certificate.