Hawaii Timeshare Owners Will Not See Tax Increase
Sunday, July 31st, 2011Hawaii timeshare tax issues have been a concern for timeshare owners based on recent legislative action. However, the issue has improved based on the joint Hawaii House and Senate Conference Committee approval omitting a proposed plan for a 27.5 percent increase in transient accommodation taxes paid by Hawaii timeshare owners. With Hawaii State Legislature acceptance, Hawaii timeshare owners will not see an increase in 2012 in the rate used to calculate transient accommodation taxes paid to the State of Hawaii. The law taxing Hawaii timeshare occupants (this is anyone occupying a timeshare, whether they own or rent the property) was originally enacted in 1999 and was based on what Hawaii legislators felt was a need to tax timeshare users in a way similar to that which hotel guests are taxed.
