Massachusetts H5538 authorizes Salem to raise short-term rental fees for school and municipal facilities.

Massachusetts H5538 allows the city of Salem to increase the short-term rental community impact fee up to 6% of the total rent amount. This additional revenue will be used for school and municipal facilities, including planning, design, construction, and maintenance. The bill ensures that any remaining balance in the fund at the end of a fiscal year will remain available for these purposes. The act takes effect upon passage.

Massachusetts H5538 authorizes Salem to raise short-term rental fees for school and municipal facilities.

Massachusetts H5538 allows the city of Salem to increase the short-term rental community impact fee up to 6% of the total rent amount. This additional revenue will be used for school and municipal facilities, including planning, design, construction, and maintenance. The bill ensures that any remaining balance in the fund at the end of a fiscal year will remain available for these purposes. The act takes effect upon passage.