“That is an awesome law. That’s the way it is now. That’s the way we need to keep it.”

—Joseph Roberto, managing member of East Island Tinting, and immediate past chairman of the Guam Contractors Association. He was speaking at the membership luncheon of the Guam Chamber of Commerce at the Hilton Guam Resort & Spa on July 30. Roberto was referring to the Public Law which became effective on March 1,2011. The bill exempted sub-contractors from Gross Receipts Tax on construction contracts. He also said GCA was in favor of Bill 11-38, which reduced Business Privilege Tax from 5% to 4%.