Code of Alabama
Article 3 - Vacation Time-Sharing Plans.
Section 34-27-65 - Proceeds From Sale, etc., of Lease Plan Exempt From Transient Occupancy Tax.

The proceeds from the sale or resale of any vacation time-sharing lease plan shall be exempt from the Transient Occupancy Tax imposed by Section 40-26-1.

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Structure Code of Alabama

Code of Alabama

Title 34 - Professions and Businesses.

Chapter 27 - Real Estate Brokers.

Article 3 - Vacation Time-Sharing Plans.

Section 34-27-50 - Definitions.

Section 34-27-51 - Acts Constituting Violation of Article - Sell, etc.; Without License; Failure to Provide Certain Documents at Time of Registration; Failure to Follow Rules of Advertising.

Section 34-27-52 - Acts Constituting Violation of Article - Failure to Keep Certain Items Among Business Records.

Section 34-27-53 - Acts Constituting Violation of Article - Failure to Utilize, etc., Fully Completed Copy of Contract.

Section 34-27-54 - Acts Constituting Violation of Article - Failure, etc., to Honor Buyer's Request to Cancel Contract.

Section 34-27-55 - Acts Constituting Violation of Article - Failure to Refund All Payments; Failure to Place All Funds in Escrow Account.

Section 34-27-56 - Acts Constituting Violation of Article - Misrepresentation.

Section 34-27-57 - Acts Constituting Violation of Article - Sell, etc., Interest in Plan to Third Person That Substantially Affects Rights of Other Owners.

Section 34-27-58 - Acts Constituting Violation of Article - Failure to Place 50 Percent of Cash, etc., Received in Escrow; Failure to Provide Liability Insurance, Etc.

Section 34-27-59 - Acts Constituting Violation of Article - Failure to Disclose Total Financial Obligation, etc., in Contract.

Section 34-27-60 - Acts Constituting Violation of Article - Misrepresentation; Waiver of Rights of Purchasers; Sale, etc., Without License; Bad Checks.

Section 34-27-61 - Hearing; Refusal, Suspension, or Revocation of License; Willful Violation Defined; Escrow Deficiency.

Section 34-27-62 - Enforcement and Implementation of Article; Acts Constituting Misdemeanors; Voidability of Sales of Unregistered Plans, Etc.

Section 34-27-63 - Filing of Plan Relating to Units Not Substantially Completed Requires Filing of Additional Documents.

Section 34-27-64 - Registration Fees; Assessment of Costs of Investigating Violation of Article.

Section 34-27-65 - Proceeds From Sale, etc., of Lease Plan Exempt From Transient Occupancy Tax.

Section 34-27-66 - Examination and License Requirements; Issuance and Renewal of License; Inactive Status; Change of Address.

Section 34-27-67 - Registration Required of Every Plan Offered for Sale.

Section 34-27-68 - Commission May Seek Injunctive Relief, etc., for Violation of Article; Investigation; Revocation of Registration.

Section 34-27-69 - Surety Bond; Suspension, etc., of License for Violation of Article; Reinstatement; Relicensure; Board Must Be Notified of Initiation, etc., of Legal Action.