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TO AMEND THE CODE OF LAWS OF SOUTH CAROLINA, 1976, BY ADDING SECTION 27-32-260 SO AS TO PROVIDE FOR THE IMPOSITION OF A FIVE-DOLLAR DAILY OCCUPATION TAX ON THE NONOWNER OCCUPANT OF A VACATION TIME SHARING UNIT, TO BE COLLECTED, DEPOSITED, AND DISTRIBUTED LIKE THE ACCOMMODATIONS TAX.
Be it enacted by the General Assembly of the State of South Carolina:
SECTION 1. Article 1, Chapter 32, Title 27 of the 1976 Code is amended by adding:
"Section 27-32-260. There is hereby imposed on the nonowner occupant of a vacation time sharing unit pursuant to a vacation time sharing plan a daily occupation tax in the amount of five dollars. The five-dollar daily occupation tax must be collected, deposited, and distributed in the same manner and used for the same purposes as the accommodations tax as provided in Chapter 4 of Title 6."
SECTION 2. This act takes effect upon approval by the Governor.
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