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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 ADMINISTERED, REPORTED, PAID, COLLECTED, DEPOSITED, AND DISTRIBUTED IN THE SAME MANNER AS 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 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 administered, reported, paid, collected, deposited, and distributed in the same manner and used for the same purposes as the accommodations tax imposed pursuant to Section 12-36-2630."
SECTION 2. This act takes effect on the first day of the third month following the month in which this act is approved by the Governor and applies for vacation time-sharing periods beginning on and after that date.
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