) All original license fees shall be charged on an annual basis, commencing on the date of issuance or renewal and ending on the day before the month and day of issuance in the following year.

(b) The existing fee structure for business licenses shall remain intact and in effect.

(c) All licenses and endorsements renewed as per § 70115(b) of this Chapter shall have their fees prorated appropriately to conform with the revised renewal date.

SOURCE: GC § 16014.1. This section and §16014 were split by P.L. 5-055 (1/22/60); The combined section had been amended by P.L. 2-048. Amended by P.L. 33-083:3 (Nov. 9, 2015)

2015 SOURCE: In the amendment of this section by P.L. 33-083:3, subsection designations (a) and (b) were added. The Compiler pursuant to authority granted by 1 Guam Code Ann. § 1606 altered the designations further to adhere to its general codification scheme.

Pursuant to P.L. 33-083:5:

Section 5. Effective Date. The Department of Revenue and Taxation shall work with the Office of Technology in implementing the objectives of this Act. These changes to the term of business licenses shall be effective on the second day of October 2016.