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HCS/HB 1818 - This act modifies the definition of residential property for property tax purposes to include time-share units, unless they are rented. Where time-share units are rented, the county assessor is required to consider only the percentage of use subject to sales tax as commercial property. The county assessor is required to classify the percentage of commercial property based on information provided by the developer or association each January 31st. This provision is identical to a provision of HCS/SB 591 (2012) and similar to a provision of SCS/HCS/HB 1623 (2012). EMILY KALMER
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