Here is a part of an article from the Orlando Sentinel about legislation to benefit timeshare owners by providing more certainty on taxes.
Quote:
The legislation would ensure that time-share units rented through exchange programs aren't subject to bed taxes, provided the guest isn't also paying money to the unit's owner. And it would ensure that taxes aren't collected on the membership fees owners pay to belong to exchange programs, which ARDA says are typically in the neighborhood of $100 a year.
Time-share exchanges have grown dramatically in recent years, and are now a key piece of a $44 billion exchange-and-rental industry. Nearly 80percent of time-share owners are members of exchange companies, according to industry estimates, and they make close to 4million trades a year.
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Here is a link to the whole article:
It's no time to rest for time-share industry in Florida Legislature -- OrlandoSentinel.com