S.B. 714 - Transient Accommodations Tax

• Imposes transient accommodations tax on resort fees calculated separately from advertised accommodation rates, treating resort fees as taxable charges collected from transients.

• Increases the tax base for time share occupancy from one-half to one hundred percent of gross daily maintenance fees paid by owners, resulting in higher tax liability for time shares.

• Expands the definition of "transient accommodations intermediary" to include travel agencies, tour packagers, wholesale travel companies, online travel agencies, and booking platforms that offer or collect payments for transient accommodations.

• Requires transient accommodations intermediaries to register with the director of taxation before arranging transient accommodations at noncommissioned negotiated contract rates, and subjects them to the same tax obligations as transient accommodation operators.

• Effective for taxable years beginning after December 31, 2019.