2 GCA § 11106: Duties.

The Commission shall:

(a) compile the records and work products of previous commissions, to include the commissions formed under Executive Orders 1986-09, 1987-06, and 2003-04; and Public Laws 20-181, 22-74, and 27-56;

(b) review Guam’s tax structure and tax policies, including tax exemptions and credits, which may include a comparative analysis of such policies in relation to other jurisdictions within the United States;

(c) review the procedure and policy options available to the government of Guam with regard to de-linking from the U.S. Internal Revenue Code under §1271 of Public Law 99-514;

(d) review estimates of the fiscal impact of potential changes to Guam’s tax structure and policies;

(e) develop informational reports and/or recommendations regarding Guam’s tax structure and tax policies, procedure and policy options available to the government of Guam with regard to de-linking from the U.S. Internal Revenue Code as deemed appropriate by the Commission, and the fiscal impacts of potential changes to Guam’s tax structure and policies;

(f) develop a uniform tax code for Guam; and

(g) transmit a copy of any such reports and/or recommendations as adopted by the Commission regarding tax policy to I Maga’lahen Guåhan and the Speaker of I Liheslaturan Guåhan.