Summary: H.R.4262 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.4262. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (09/10/2019)

Tax Refund Responsibility Act

This bill requires the governor of Guam to ensure that (1) each refund claim relating to the Guam income tax is processed within 90 days after it is filed, (2) valid refunds are issued within 90 days after the refund form is filed, and (3) a sufficient percentage of taxes collected by the government of  Guam is deposited into the Guam Income Tax Refund Efficient Payment Trust Fund to cover the cost of refunds.