Rhode Island H7657 distinguishes between residential and commercial short-term rentals for tax purposes.

Rhode Island H7657 amends the General Laws to distinguish between residential and commercial short-term rentals for tax purposes. Residential properties listed as the owner's primary residence are classified as residential real estate, while those not listed as the owner's primary residence are classified as commercial properties. The bill requires hosting platforms to collect and remit applicable sales and hotel taxes and mandates annual registration of short-term rental properties with the Department of Business Regulation.

Rhode Island H7657 distinguishes between residential and commercial short-term rentals for tax purposes.

Rhode Island H7657 amends the General Laws to distinguish between residential and commercial short-term rentals for tax purposes. Residential properties listed as the owner's primary residence are classified as residential real estate, while those not listed as the owner's primary residence are classified as commercial properties. The bill requires hosting platforms to collect and remit applicable sales and hotel taxes and mandates annual registration of short-term rental properties with the Department of Business Regulation.