CS/HB 61--Temporary accommodations.

The bill clarifies the laws governing state and local taxes due from timeshare transactions and from transient stays at timeshare resorts. It provides that the tourist development tax, the tourist impact tax, the transient rentals tax, and the convention development tax are applicable to transient stays at timeshare resorts. The bill also specifies the types of transactions that are not subject to the tourist development tax, the tourist impact tax, the transient rentals tax, and the convention development tax. Those exempted transactions include timeshare exchanges, fees charged by a third party to facilitate a timeshare exchange and inspection packages. The bill additionally includes mobile home parks, recreational vehicle parks, and condominiums as the types of facilities that may be subject to a transient rental tax. The bill further permits timeshare companies to offer debt cancellation products with regard to the sale of timeshare interests. It requires that every public offering of a timeshare plan that is not a multisite timeshare plan must provide a statement that a timeshare owner's obligation to pay assessments continues for the duration of ownership and a person inheriting an interest is responsible for its payment. The bill also requires a timeshare interest resale service provider to provide a description of any fees and costs that must be paid, their due date and the ratio of timeshare interests listed versus sold by the provider for a two-year period. Finally, the bill provides that it is intended to be clarifying and remedial in nature, and does not provide a basis for assessments of tax, or refunds of tax, for periods prior to July 1, 2009. These provisions were approved by the Governor and take effect July 1, 2009. Ch. 09-133, L.O.F.