Traveltalkonline.com Forums



Travel and Vacation Forums >> US VI and Puerto Rico

Pages: 1
beachmi
Traveler


Joined: 12/13/02
Posts: 554
Loc: laguna beach, ca
usvi government imposed 2017 timeshare fee
      #1728433 - 03/29/17 11:00 PM (72.194.110.74)

does anyone know more about this? we just got an email from marriott on it. we will be charged an additional $25 per day so (we are now retired) we can no longer enjoy 2 weeks on island(s).. what is the government losing by us (and many others!) not staying longer? i don't understand???

--------------------
summer is my fillosophy ;-)


Post Extras: Print Post   Remind Me!   Notify Moderator  
LocalSailor
Traveler


Joined: 06/03/11
Posts: 742
Loc: USVI
Re: usvi government imposed 2017 timeshare fee [Re: beachmi]
      #1728439 - 03/30/17 01:02 AM (65.113.105.18)

This was part of the new 'sin tax' bill proposed by the Governor and passed by the Legislature.
Along with that tax hike other raises on beers, soda,cigarettes and some property tax changes are included.
Whether the gains in taxes will outpace the revenues lost by negative consumer reaction, similar to yours, will make it worth while overall certainly remains to be seen. It raises the cost of living here and makes the USVI less competitive on quite a few different fronts. It was not a popular bill locally for many reasons but a majority of elected Legislators passed it. Anyway.


Post Extras: Print Post   Remind Me!   Notify Moderator  
denverd0n
Traveler


Joined: 10/10/12
Posts: 244
Loc: Tampa, FL
Re: usvi government imposed 2017 timeshare fee [Re: LocalSailor]
      #1728457 - 03/30/17 09:09 AM (131.247.65.4)

Okay, I don't want to get too political, but this is kind of a political issue anyway, so...

Legislators have a huge blind spot when it comes to taxes. They seem to just assume that everyone will gladly pay new taxes, and that no one will ever change their behavior as a result of a tax increase. I live in Pasco County Florida. The county commission recently discussed increasing the gas tax. Their calculation was, X number of gallons of gas get sold in Pasco county every year. If we increase the gas tax by Y cents, then we will get an additional (X * Y)/100 dollars in revenues every year.

Umm... No. Not even close. Because when you increase the tax, a whole lot of people will buy their gas elsewhere, where the tax is less. One of the people testifying on the issue even explained that to them, but it just kind of went right over their heads. They just didn't "get it."

Going to guess here that the USVI legislators probably don't "get it" either. They just assume that everyone will keep right on coming, and buying, and the tax dollars will just keep rollin' in.

Edited by denverd0n (03/30/17 09:10 AM)


Post Extras: Print Post   Remind Me!   Notify Moderator  
RickG
Traveler


Joined: 10/19/04
Posts: 1492
Loc: Virginia & sv De Life
Re: usvi government imposed 2017 timeshare fee [Re: denverd0n]
      #1728462 - 03/30/17 09:40 AM (70.169.167.81)

This is one I have been watching. For a while there, the USVI has been friendlier to cruisers than the BVI - more accessible, cheaper and less crowded. Depending on how things are implemented, drinks may get a good bit more expensive.

The SVIs are still cheaper and less crowded still.

Cheers, RickG

--------------------
Sailing the Virgins on De Life July 15-31 2017


Post Extras: Print Post   Remind Me!   Notify Moderator  
HillsideView
Traveler


Joined: 03/09/08
Posts: 8425
Loc: Ya never know...
Re: usvi government imposed 2017 timeshare fee [Re: RickG]
      #1730167 - 04/16/17 06:29 PM (71.53.16.36)

USVI is broke. They did this in hopes of being able to sell in the bond market. Watch the real estate market, I've seen an uptick in listings already.

--------------------
My foot fits right into my shoe and my shoe will fit right into your...


Post Extras: Print Post   Remind Me!   Notify Moderator  
Cleobeach
Traveler


Joined: 05/23/08
Posts: 594
Re: usvi government imposed 2017 timeshare fee [Re: HillsideView]
      #1730323 - 04/18/17 02:53 PM (24.229.98.189)

Was this tax in response to the Westin converting from hotel occupancy to all timeshares? I could see them trying to recapture lost tax revenue. I can also see why it isn't popular with visitors.

Post Extras: Print Post   Remind Me!   Notify Moderator  
NutmegModerator
Moderator


Joined: 09/15/01
Posts: 5845
Loc: St. Thomas, USVI
Re: usvi government imposed 2017 timeshare fee [Re: Cleobeach]
      #1730361 - 04/18/17 06:05 PM (204.11.157.92)

Cleobeach: No, this was because the territorial government was looking for ways to raise money and they certainly weren't going to inconvenience any of their constituents. All they want is to be able to get back into the junk bond market. They don't actually want to change any of the ways things are done.

--------------------
NUTMEG
Today is the tomorrow you talked about yesterday.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Cleobeach
Traveler


Joined: 05/23/08
Posts: 594
Re: usvi government imposed 2017 timeshare fee [Re: Nutmeg]
      #1730381 - 04/18/17 08:51 PM (75.97.42.47)

Ah, sounds about right....for the VIs.

Post Extras: Print Post   Remind Me!   Notify Moderator  
LocalSailor
Traveler


Joined: 06/03/11
Posts: 742
Loc: USVI
Re: usvi government imposed 2017 timeshare fee [Re: Nutmeg]
      #1730392 - 04/18/17 11:38 PM (65.113.105.2)

Quote:

Nutmeg said: they certainly weren't going to inconvenience any of their constituents. All they want is to be able to get back into the junk bond market. They don't actually want to change any of the ways things are done.




Timeshare increase was only part of the bill - good size tax increases on beer, liquor, soda and cigarettes certainly do affect the constituents and raises the cost of living here even more.


Post Extras: Print Post   Remind Me!   Notify Moderator  
Pages: 1



Extra information
0 registered and 4 anonymous users are browsing this forum.

Print Topic

Forum Permissions
      You cannot start new topics
      You cannot reply to topics
      HTML is disabled
      TTOLCode is enabled

Topic views: 754

Jump to

Contact Us Terms of Use Advertising on TTOL Traveltalkonline