,i  #aafth ,,congress  #ast ,session    
,h4 ,r4 #dbfb  ,,in ,,the ,,house ,,of  
,,representatives  ,september #aj1      
#bjai,mr4 ,san ,nicolas introduced the  
following bill2 which was referred to   
the ,committee on ,natural ,resources   
,a ,,bill  ,to ensure that refunds of   
overpayments of the ,guam ,territorial  
,income ,tax are issued in a timely     
manner1 and for other purposes4  #a4    
,short title ,this ,act may be cited as 
the ,tax ,refund ,responsibility ,act4  
#b4 ,findings ,congress finds as        
follows3  7#a7 ,for nearly two decades1 
the ,government of ,guam has been unable
 to set aside money to pay for income   
tax refunds and instead has relied on   
accumulated deficits and subsequent     
borrowing on the bond market1 amassing  
close to half a billion dollars of debt1
 to pay accrued income tax refund       
payments owed to its taxpayers4  7#b7   
,the enactment of an amendment to the   
,organic ,act of ,guam requiring that   
the ,government of ,guam deposit tax    

collections in the ,income ,tax ,refund 
,efficient ,payment ,trust fund1 as     
created by ,guam ,public ,law #bf-gd1   
would prevent further unbalanced        
budgeting1 deficit spending1 chronic    
borrowing1 and future burdens on the    
taxpayers of ,guam4  #c4 ,timely refunds
 of overpayment of ,guam ,territorial   
,income ,tax ,section #ca of the        
,organic ,act of ,guam 7#dh ,u4,s4,c4   
#adba;i7 is amended by adding at the end
 the following3  7i7 ,the ,governor of  
,guam shall ensure that-- 7#a7 each form
 filed by a person or entity for a      
refund of overpayment of the ,guam      
,territorial ,income ,tax is processed  
by the ,government of ,guam not later   
than #ij days after such form was filed2
 and  7#b7 a refund of the full amount  
of any overpayment of the ,guam         
,territorial ,income ,tax that the      
,government of ,guam has deemed valid is
 issued to the person or entity who     
filed for such refund not later than #ij
 days after the form for the refund was 

filed4  4  #d4 ,deposit to the ,income  
,tax ,refund ,efficient ,payment ,trust 
,fund ,the ,organic ,act of ,guam 7#dh  
,u4,s4,c4 #adba et seq47 is amended by  
inserting after section #bb;,d the      
following3  #bc4 ,deposit to the ,income
 ,tax ,refund ,efficient ,payment ,trust
 ,fund ,not later than #aj days after   
the end of each calendar month1 the     
,governor of ,guam shall ensure that    
there is directly deposited into the    
,guam ,income ,tax ,refund ,efficient   
,payment ,trust ,fund a percentage of   
the payroll withholding taxes and income
 taxes collected by the government of   
,guam for that month and a percentage of
 the self-employed payroll withholding  
taxes collected for the quarter1 equal  
to the percentage of the budgeted       
forecasted amount set aside for income  
tax refunds1 earned income tax credits1 
and child tax credits adopted in the    
,government of ,guam's fiscal year      
budget1 so that not later than #aj days 
after the end of the calendar year1 not 

less than the amount necessary for      
income tax refunds1 earned income tax   
credits1 and child tax credits for that 
calendar year shall have been deposited 
into the ,trust ,refund ,efficient      
,payment ,trust ,fund4  4  #e4          
,effective date ,the amendments made by 
this ,act shall take effect on the first
 ,january #a to occur after the date of 
the enactment of this ,act4