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TO AMEND SECTION 12-36-2120, AS AMENDED, CODE OF LAWS OF SOUTH CAROLINA, 1976, RELATING TO SALES TAX EXEMPTIONS, SO AS TO DELETE THE EXEMPTION ALLOWED IN THE EXCHANGE OF ACCOMMODATIONS IN THE CASE OF TIME SHARE UNITS.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Section 12-36-2120(31) of the 1976 Code is amended to read:
"(31) vacation time sharing plans, vacation multiple ownership interests, and exchanges of interests in vacation time sharing plans and vacation multiple ownership interests as provided by Chapter 32, of Title 27, and but this exemption does not extend to any other exchange of such accommodations in which the accommodations to be exchanged are the primary consideration;"
SECTION 2 This act takes effect July 1, 2010.
This web page was last updated on January 28, 2010 at 10:48 AM