S.C. Code Regs. 117-307.5 — Certain Exchanges of Accommodations Exempt from the Tax

Code Section 12-36-2120(31) exempts from the sales tax on accommodations the gross proceeds
accruing or proceeding from ''vacation time sharing plans, vacation multiple ownership interests, and
exchanges of interests in vacation time sharing plans and vacation multiple ownership interests as
provided by Chapter 32 of Title 27, and any other exchange of accommodations in which the
accommodations to be exchanged are the primary consideration.''