Utah SB0309 modifies single-family home rental regulations, including registration, excise tax, and grant program repeals.

Utah SB0309 defines terms like "single-family home" and establishes a registration requirement for owners or property managers of rental homes. It imposes a penalty for non-compliance and mandates notice inclusion with property valuation notices. The bill also imposes an excise tax on owners of multiple rental homes and requires notice of this tax obligation. It creates a competitive grant program for municipalities to transition rental homes to owner-occupied homes and schedules the repeal of related requirements and taxes.

Utah SB0309 modifies single-family home rental regulations, including registration, excise tax, and grant program repeals.

Utah SB0309 defines terms like "single-family home" and establishes a registration requirement for owners or property managers of rental homes. It imposes a penalty for non-compliance and mandates notice inclusion with property valuation notices. The bill also imposes an excise tax on owners of multiple rental homes and requires notice of this tax obligation. It creates a competitive grant program for municipalities to transition rental homes to owner-occupied homes and schedules the repeal of related requirements and taxes.