The May 21, 2012 compliance deadline for pool and spa lifts is less than two weeks away and there is no indication from the Department of Justice (DOJ) that it will extend the deadline. The American Hotel and Lodging Association (AH&LA) has filed a letter with DOJ urging an immediate response and noting that its members need clarity on what types of lifts are acceptable and time to comply.
On Thursday, May 10, 2012, the House of Representatives passed the Commerce, Justice, Science Appropriations Bill, which includes an AH&LA-supported amendment prohibiting DOJ from enforcing permanent pool lift restrictions for one year. The legislation needs to pass the Senate and be signed by the President.
Meanwhile, Senator Lindsay Graham (R-S.C.) recently introduced S. 2390, the Pool SAFE Act, which would allow portable lifts as an acceptable means of providing pool and spa entry, sharing of lifts between multiple pools at a facility and a one-year compliance deadline. The House companion bill, H.R. 4256, was introduced by Congressman Mick Mulvaney (R.-S.C.).
MCB has over 35 years of hospitality accounting experience providing audit, tax, accounting, due diligence and employee benefit plan audit services. Contact an MCB Adviser today at firstname.lastname@example.org or call 703.218.3600 to discuss your hotel accounting and tax needs or to receive a proposal for your next financial statement audit.