Introduced Senate Bill (S)

Authored by

DIGEST

Regulation and taxation of short term rentals. Extends the various innkeeper's taxes to cover the rental of a residential unit for fewer than 30 days. Provides that a facilitator who accepts payment on a transaction to which the innkeeper's tax applies is required to register with the department of state revenue as a retail merchant and collect innkeeper's taxes on the transaction. Provides that the sales tax and the various innkeeper's taxes that are imposed on the rental of rooms, lodgings, or other accommodations for less than 30 days do not apply to the rental of a residential unit in Regulation and taxation of short term rentals. Extends the various innkeeper's taxes to cover the rental of a residential unit for fewer than 30 days. Provides that a facilitator who accepts payment on a transaction to which the innkeeper's tax applies is required to register with the department of state revenue as a retail merchant and collect innkeeper's taxes on the transaction. Provides that the sales tax and the various innkeeper's taxes that are imposed on the rental of rooms, lodgings, or other accommodations for less than 30 days do not apply to the rental of a residential unit in a year if: (1) the person who rents the rooms, lodgings, or other accommodations uses the residential unit as a residence; and (2) the residential unit is rented for less than 15 days during the year. Creates a uniform municipal innkeeper's tax. Requires an owner that uses residential property for short term rentals, or a facilitator on an owner's behalf, to maintain primary liability insurance for third party claims for death, bodily injury, and property damage occurring during a short term rental period. Provides that short term rentals of residential units are prohibited in a zoning district that is zoned solely for single family dwelling units unless the county, city, or town that adopted the zoning restriction adopts an ordinance to allow short term rentals within the zoning district. Provides that short term rentals of residential property are allowed in a zoning district that is not restricted solely for single family dwelling units unless the county, city, or town adopts an ordinance to prohibit short term rentals within the zoning district. Allows a county, city, or town that adopts an ordinance concerning short term rentals to impose restrictions on short term rentals in the areas that are the concern of the ordinance. ... View more