As our ongoing commitment to keeping timeshare owners up to date on legislation and news affecting the timeshare vacation industry, following you will find a copy of the 8th edition of ARDA and ARDA-ROC’s digital publication – Government Affairs Insider.
Advantage Vacation looks forward to the passage of timeshare consumer protection legislation in all States for owners of a timeshare interest and the enactment of laws designed to deter and/or eliminate timeshare scams and fraud in the timeshare industry.
We have attended the Maui County Council meetings to voice our opposition to the proposed increase in the timeshare property tax rate and will continue to keep Maui timeshare owners up to date and informed of the progress relating to that legislation.
New York
Effective May 15, 2012, New York timeshare buyers may elect to receive the voluminous New York Offering Plan in a digital format such as a DVD, CD, USB flash drive, or other format accepted by the Attorney General’s Office as set forth in the new Cooperative Policy Statement.
Missouri
Late last week, the Missouri House of Representatives approved House Bill 1818, which clarifies the status of timeshares for real property tax assessment. It was filed in response to confusion regarding assessments in Taney County (Branson) that date back to 2007. The bill has now moved to the Senate for further consideration.
Hawaii
The Hawaii State Legislature is scheduled to adjourn on Friday, May 4. One bill of particular interest to the timeshare industry, SB 2632 SD1 HD1 CD1, otherwise known as the Land Court Bill, passed both the House and Senate with no further amendments and is now headed to the Governor for signature. A recap of the 2012 legislative session will be posted on www.arda-roc.org after the session adjourns, and a link will be sent out in the next edition of the Insider.
On Friday, April 20, several timeshare industry representatives testified before the Maui County Council to oppose the Mayor’s proposed increase in the timeshare property tax rate from $15.00 to $16.15 per $1,000 of assessed value. The County also became aware that its prior property tax revenue estimates were too low by approximately $6 million. On May 1, the Maui County Council Budget and Finance Committee released its proposed tax increases with a $0.50 increase to the timeshare property tax rate (from $15.00 to $15.50). Another public hearing will be held today, May 3, to specifically address property tax rates. ARDA and ARDA-ROC will continue to testify against any increase to the timeshare tax rate. However, at this time there is no indication that Maui County is interested in cutting spending vs. raising more revenue, and a tax rate increase seems likely.
Advantage Vacation is a member of the American Resort Development Association (ARDA) and offers the best buys on the timeshare re sales market today. We never charge an upfront fee for clients who want to sell a timeshare and only receive a commission, paid from escrow, when the transaction is closed.
We are leaders in the timeshare resale secondary market, have been in the timeshare industry for over 30 years and are Accredited Members of the BBB with an A+ Rating.
Advantage Vacation is using Twitter and Facebook to help educate people on the changes in the timeshare industry along with current timeshare tips, up to date timeshare news and timeshare FAQ’s.
We hope you will follow us and our blog, Timeshare Blogging by Advantage Vacation for the latest news and reviews. If our site does not answer your question or questions, please email us your question and we will answer it and add it to our library. Make your voice heard – what questions do you have?
At Advantage Vacation you can be assured you are working with professionals who believe that honesty and integrity are the most important aspects of the business they are in – timeshare re sales. Our business has been built on relationships and we pride ourselves on providing excellent service to our clients.
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