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Delegation approves H.L.B. 23-60, lowers construction gross-revenue tax to 1% and raises threshold to $350,000
Summary
On Jan. 7, 2025, the Saipan and Northern Islands Legislative Delegation passed House Local Bill 23-60 (draft 2), amending the local tax on gross revenue from construction activities to 1% and raising the exemption threshold to $350,000 after floor amendments. The motion passed 15–2.
The Saipan and Northern Islands Legislative Delegation passed House Local Bill 23-60 (draft 2) on Jan. 7, 2025, amending local tax rules to impose a 1% tax on gross revenue from construction activities that exceed $350,000.
The bill matters because it changes the tax rate and the taxable threshold for construction-sector revenue, a move supporters said will reduce costs for builders while at least one senator warned it could create a risk of double taxation for firms also covered by a Senate measure.
Delegation leadership first moved to suspend rules to allow second reading of the bill. On the floor the author offered an amendment to replace a proposed 3% levy with a 1% tax on gross revenue ‘‘directly attributed or derived from…
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