Establishes a state short-term rental registry and allows municipalities to impose a supplemental tax on short-term rentals.
The bill establishes a state short-term rental registry to be managed by the Commissioner of Revenue Services. Short-term rental operators and owners must register their properties annually with the Department of Revenue Services. Municipalities can vote to impose a supplemental tax on short-term rentals, with the proceeds intended to increase housing supply. The registry will be searchable online and include details such as the number of rentals and tax amounts collected. The bill defines key terms like "short-term rental," "short-term rental facilitator," and "short-term rental operator.
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