ARDA successfully passed
HB 61, clearly establishing that timeshare exchanges are not subject to
taxation in Florida. The
legislation also cleared the way for timeshare developers to offer
“debt cancellation” products. These products would
allow purchasers to return a timeshare to the developer if hit with a
job loss or other specified events without a negative impact on their
credit score. The provision was modeled after products offered by auto
manufacturers.
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