{"data":{"id":"us-gu/12-gca-77103","jurisdiction":"us-gu","citation":"12 GCA § 77103","heading":"Ceiling on Tax Credit Programs.","body":"Notwithstanding any other provision of law, the fiscal year total amount of new tax credits authorized by the Government of Guam shall not exceed the amount set aside by I Liheslatura in the annual budget law as the General Fund Reserve (Deficit Reduction/Rainy Day Fund). All existing tax credits for each fiscal year shall be reflected in each annual General Appropriations Act (annual Government of Guam Budget Act) as offsets to the applicable revenue source.","path":["Title 12: Autonomous Agencies","Division 2 - Economic Development","Chapter 77: Special Projects and Activities of the Guam Economic Development Authority","ARTICLE 1: ADMINISTRATIVE PROVISIONS"],"source_url":"https://col.guamcourts.gov/sites/default/files/12gc077_Q.pdf","current_through":"P.L. 38-133 (June 4, 2026)","vintage":"","retrieved_at":"2026-09-27T03:26:28Z","sha256":"95909d48ba0e3cf2a7f22371468a979131488533596dfec20386f7822717102a","source_id":"us-gu","stale":false,"prev":"us-gu/12-gca-77102","next":"us-gu/12-gca-77104"},"notice":"GroundRules: Original legal text. Not legal advice."}