12 GCA § 70107

(a) Tax Rebates on Certain Rental Income. A qualifying certificate granting a rebate of up to fifty percent (50%) of all income tax paid to the government of Guam by a Beneficiary on income derived from the lease of land, buildings, machinery or equipment to a Beneficiary of a qualifying certificate issued for affordable housing or for a hotel or tourist facility covered by the provisions of this Chapter may be issued for a period not to exceed five (5) consecutive years from the effective date of a qualifying certificate therefor, and a rebate of up to twenty-five percent (25%) of such income tax for a period not to exceed the next five (5) consecutive years; provided, that an application for such rebate is made within the effective period(s) of this Article, as set out in § 70108, infra.”

(b) Income Tax Rebate on Sales to Developers. A rebate of up to fifty percent (50%) on all taxes paid to the government of Guam by a Beneficiary on income derived from the sale of land or other real property to a developer of a hotel, of a tourist facility, or of affordable housing covered by the provisions of this Chapter may be issued; provided, that an application of such rebate is made within the effective period(s) of this Chapter, as set out in § 70108, infra.