SC tax panel to consider new levy on time shares

By: Associated Press
By: Associated Press

Monday, September 13, 2010

MYRTLE BEACH, S.C. (AP) -- Time share owners and management companies are planning to fight a proposal that would require them to pay accommodations taxes on maintenance fees.

The Sun News of Myrtle Beach reports that the proposal to apply the state's visitor tax to those who stay here on time-share programs will be debated next week by the state's Tax Realignment Commission.

Supporters of the new tax say it could bring in $12 million for marketing the state's tourism products. They say time-shares benefit from the same advertising that brings visitors to the state's hotel rooms.

Opponents say time-share owners already pay property taxes on their condos and villas and should not have to pay the same tax charged for renting a room or place to stay for a night or a week.

(Copyright 2010 by The Associated Press. All Rights Reserved.)


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