Received this today. I assume as another reminder because of my upcoming stay.
Dear Owner,
Earlier this year, the U.S. Virgin Islands Legislature passed The Virgin Islands Revenue Enhancement and Economic Recovery Act of 2017 (Bill 32-0005), which was signed into law by the governor on March 22, 2017. The Bill contains revenue-enhancing amendments to the U.S. Virgin Islands Code designed to provide financial stability for the territory, as the current tax structure does not generate an adequate revenue stream to keep pace with growth in the economy. This is part of a broader tax reform intended to return public finances to a sustainable and prudent state.
Included in the Bill is the establishment of a USVI “Environmental/Infrastructure Impact Fee (Fee)” on timeshare occupancy. The Fee will impose a $25-per-night charge for each night a timeshare unit is occupied by an Owner, Exchanger or third-party guest occupying an Owner’s villa. All rental guests will continue to pay an occupancy tax at the current 12.5% rate. The rental rate will usually be higher than the owner fee given the higher nightly rates for this in-demand location.
Effective May 1, 2017, Vistana Signature Experiences, Inc. will be required by law to collect and remit this fee for The Westin St. John Resort Villas as the resort manager.
The American Resort Development Association (ARDA) continues to communicate with the USVI government on this matter, and we will keep you updated on any additional information related to this new law. You may also sign up for alerts regarding this topic on
arda.org.
Regards,
Thorp Thomas
Senior Vice President