GUAM COMMUNITY RECYCLING TAX INCENTIVE
It has been proven in communities that have successful recycling programs that recycling is best undertaken through partnerships of the private sector and government. Government support of recycling as an essential mean protects the environment, manage the municipal solid waste generated by the community, and extend the life of our new landfill. The first step to developing sustainable recycling is to divert discarded materials from the island’s landfill by creating value for potentially recyclable materials so there is economic incentive to collect and ship the materials off island to recycling companies.
Public Law 25-127 which provides recycling and transshipment companies with tax benefits under the Guam Economic Development Authority’s Qualifying Certificate Program is designed to encourage investment opportunities in recycling and transshipment activities in order to help minimize the volume of Guam’s waste stream entering the landfill as well as encourage the practice of recycling and composting within our Island community.
Minimum Investment: $100,000
TAX INCENTIVES (12 GCA, Div. 2, Chapter 58, §58147 & §58147.1)