Lt. Gov. Eloy S. Inos said yesterday that approximately $10 million in calendar year 2008 tax rebates will be distributed, some of them as early as June 15\u2014much earlier than the distribution dates during previous years.<\/p>\n
Due to an economic slowdown, taxpayers look forward to their tax rebates to supplement their regular income. <\/p>\n
Inos, who has been tasked by Gov. Benigno R. Fitial to oversee all government finances, said the government cannot hold back on taxpayers\u2019 rebates. <\/p>\n
\u201cIt\u2019s their money\u2026It\u2019s the only way to give people confidence in the system,\u201d Inos said in an interview at yesterday\u2019s opening of the 2nd Annual Pacific Mayors Conference at the Fiesta Resort & Spa in Garapan.<\/p>\n
He said the administration has made sure there\u2019s money in the rebate trust account, but the exact amount in the account has yet to be determined as of yesterday.<\/p>\n
\u201cWe may be able to start mailing out the checks by June 15,\u201d added Inos, a former Secretary of the Department of Finance.<\/p>\n
The administration expects the tax rebate releases to have a positive effect on local consumers and struggling businesses.<\/p>\n
A 41-year-old father of two said once he and his wife get their joint tax rebate, they would have pocket money for their long-awaited vacation. He said in previous years, he and his wife would receive $600 to $700 in tax rebate.<\/p>\n
\u201cWe haven\u2019t had a vacation in three years, and the tax rebate would be a big help,\u201d he said.<\/p>\n
In 2008, taxpayers began receiving their 2007 tax rebates in the mail in August.<\/p>\n","protected":false},"excerpt":{"rendered":"
Lt. Gov. Eloy S. Inos said yesterday that approximately $10 million in calendar year 2008 tax rebates will be distributed, some of them as early as June 15\u2014much earlier than the distribution dates during previous years.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-132978","post","type-post","status-publish","format-standard","hentry","category-local-news"],"_links":{"self":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/132978","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/comments?post=132978"}],"version-history":[{"count":0,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/posts\/132978\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/media?parent=132978"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/categories?post=132978"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.saipantribune.com\/index.php\/wp-json\/wp\/v2\/tags?post=132978"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}