Timeshare in South Carolina could be a target for additional taxes in 2011 January 11, 2011
Posted by John Stephens in : ARDA , trackbackMyrtle Beach timeshare owners and timeshare owners throughout the rest of South Carolina could be faced with additional taxes this year if local governments in the Palmetto State have their way.
According to a report in the Myrtle Beach Sun News, the Municipal Association of South Carolina would support a measure recommended by the state’s non-elected Tax Realignment Commission to tax maintenance fees on timeshares. While the Commission’s recommendation is not binding, it could become part of legislation during the up-coming state legislative session and Association Executive Director Miriam Hair said her group would support such a tax if raised during the session.
Last week, the North Myrtle Beach City Council passed a resolution supporting the Municipal Association’s agenda , which states that the tax measure is one of 13 “priorities to monitor” during the next session. In addition, the Myrtle Beach City Council is scheduled to vote on the agenda on January 25.
This has a long way to go before even getting to the legislative stage. Brad Dean, president of the Myrtle Beach Chamber of Commerce, thinks the recommendations won’t even get to first base in the state capital and was quoted as saying “the consensus is it’s going to land in Columbia with a loud thud and go nowhere.” Even so, the issue has attracted the attention of industry trade association ARDA, which has stated that it “will fight to keep (the recommendations) from being included in any legislative proposal in 2011.”
A more far-reaching recommendation by the Commission would remove a current sales tax exemption for new timeshare sales, resales and exchanges. This would effectively impose new taxes on just about every timeshare transaction in the state and speaks to the desperate tone of cash-strapped local governments that they would even consider additional taxes during the current anti-tax climate throughout the country.
Don’t count on these measures going through, as elected officials and business leaders have repeatedly said over the past few months that there’s little chance they will be taken up by lawmakers.
That’s good news for owners, as Myrtle Beach is a fantastic location and one of the best values for timeshare in the country. You can buy Myrtle Beach timeshare here at BuyaTimeshare.com and save a huge amount of cash by clicking here.
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