Property taxes on time-share units.
The Newport Daily News: "Outrage follows time-share veto
NEWPORT - City officials are in an uproar over Gov. Donald L. Carcieri's veto of legislation that would allow the city to change the way it taxes time-share developments.
The legislation is the latest attempt by the city to formulate what officials consider a more equitable way to tax the units. Since time-share ventures first sprouted up in Newport in 1982, the city has lost two court battles over its method of assessing taxes on the properties.
The legislation would have allowed the city to use 'any identifiable and commonly accepted methods of appraisal' to assess property taxes on time-share units.
In his veto message, Carcieri said the bill was 'nothing but a tax hike in disguise.'"
One thing in life is guaranteed...taxes just keep going up and up and up.
NEWPORT - City officials are in an uproar over Gov. Donald L. Carcieri's veto of legislation that would allow the city to change the way it taxes time-share developments.
The legislation is the latest attempt by the city to formulate what officials consider a more equitable way to tax the units. Since time-share ventures first sprouted up in Newport in 1982, the city has lost two court battles over its method of assessing taxes on the properties.
The legislation would have allowed the city to use 'any identifiable and commonly accepted methods of appraisal' to assess property taxes on time-share units.
In his veto message, Carcieri said the bill was 'nothing but a tax hike in disguise.'"
One thing in life is guaranteed...taxes just keep going up and up and up.
posted by Lee at 6:34 AM
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