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Senate restores 5% tax on large military contracts and funds Jones Act economic study
Committee of the Whole, Guam Legislature · August 20, 2025
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Summary
After extended debate over fairness and legal risk, senators restored a 5% business-privilege tax on military contracts above $10 million to capture revenue from the ongoing build-up, and separately approved funding for an economic-impact study on cabotage and the Jones Act.
In a lengthy floor debate that stretched late into the evening, senators restored a 5% business-privilege tax (BPT) on military contracts valued over $10 million. Senator Tydigwe urged colleagues to recover guaranteed revenue from the military build-up that he said would otherwise be…
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