New Legislation Introduced to Help Part-timers

Reduce Taxes For Owners Who Rent Their Homes Less than 90 Days

Richard Chalk has recently introduced a bill (H.3408) into legislation that will reduce the tax burden for owners of rental property who lease their home for 90 days or less each year, by preserving the 4% assessment.

If passed, this new legislation could have a positive impact on our local Hilton Head Island economy because it allows many part-time residents to live here 9 months of the year and rent their home during the summer while benefiting from the lower tax rate of full time residents.

This will have a positive impact for our northern friends trying to get down here.

or our northern friends trying to get down here.