HB 61 Protects Timeshare Owners in the Sunshine State June 10, 2010
Posted by Bryan Connelly in : ARDA, General, New Features, Timeshare Rental, Timeshare Resource, Travel , add a commentAccording to ARDA, timeshares owners in Florida have gained some extra protection against many potential fees and taxes. BuyATimeshare.com has been following the ongoing progress of this Exchange Tax Bill since September of 2009. The sunshine state has recently passed House Bill 61, a new legislation that exempts timeshare owners from additional fees charged while exchanging weeks with other timeshare owners at a resort. The bill also implements regulations for taxes placed on timeshare visits and transactions.
The bleak economy has made it likely that some government bodies may try and tax timeshare exchanges to earn more revenue. This new bill will hopefully stop these fees from occurring as Florida is determined to maintain their standing as a top vacation destination.
Only a few states have implemented this bill so far. The Sunshine State is optimistic that this bill will make Florida more appealing for both resort developers and families looking for a place to vacation or own a timeshare in. The American Resort Development Association has stated that the new legislation that was passed in Florida will aid in protecting timeshare owners in a lot of different ways.