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Tax change could save timeshare industry millions

M

MULTIZ321

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Tax change could save timeshare industry millions.


www-orlandosentinel-com.cdn.ampproject.org

Timeshare industry could save millions in Florida taxes under proposal

The potential tax break — which has yet to be filed publicly even though the Florida Legislature is more than halfway through its 60-day session — would rewrite the rules that county property appraisers must follow when determining the value of timeshare resorts.
www-orlandosentinel-com.cdn.ampproject.org www-orlandosentinel-com.cdn.ampproject.org
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Richard
 
tschwa2

tschwa2

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I don't think it is ever going to pass and may never even get publicly filed. Florida wants the tax revenue and timeshare owners aren't necessarily residents so it is a win/win for Floridians to tax timeshare owners disproportionately high.
 
simpsontruckdriver

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I know owners of Holiday Inn (aka Orange Lake) who wondered if that would mean lower fees... yeah, right! If resorts get a tax break, you know they would continue to charge last year's rates and just pocket the excess. Call it an MF increase that's not an increase.

TS
 
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