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Panel approves tourism façade tax-incentive bill after heated debate over fairness and oversight
Summary
Bill 228, which creates a five-year façade-restoration tax credit program (up to $5M per year, $25M total), was advanced after amendments that add definitions and qualification language. Opponents warned the program is subjective, open to favoritism, and diverts public funds from core services; proponents argued it's essential to address "product fatigue" and support tourism recovery.
The Committee of the Whole advanced Bill 228, a package that creates a tourism-enhancing façade-restoration incentive program capped at $5 million per year for five years (a $25 million program total), with the Guam Economic Development Authority tasked with designing eligibility rules.
Senator Lujan (proffering sponsor amendments) and Senator Perez moved technical fixes and a definition for "façade restoration" to clarify that the term…
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