summary
Introduced
11/21/2024
11/21/2024
In Committee
11/21/2024
11/21/2024
Crossed Over
Passed
Dead
02/22/2025
02/22/2025
Introduced Session
2025 Regular Session
Bill Summary
Short-term rentals; registration; civil penalty. Directs the Department of Taxation to establish a registry of short-term rental properties and require accommodations providers and intermediaries to register. Under the bill, an accommodations provider shall provide to the Department its name and the address of each property it offers for short-term rental. The bill states that the Department shall issue each such accommodations provider a unique numerical identifier for each such property. An accommodations intermediary shall provide the Department its name and the contact information for the individual responsible for liaising with state and local officials regarding noncompliant short-term rental listings. The bill states that as a condition of listing a short-term rental on its platform, an accommodations intermediary shall require each accommodations provider to provide such provider's name and the unique numerical identifier and specific address for each short term-rental offered. Under the bill, such information, as well as information regarding receipts and taxes paid, shall be provided to the Department by the accommodations intermediary on a quarterly basis. However, an accommodations intermediary shall not be required to provide such information to the Department if the intermediary provides monthly reports of property addresses and gross receipts for all accommodations facilitated by the accommodations intermediary to each locality in which an accommodation is located. Such monthly reports are a compliance requirement imposed by law for the payment of transient occupancy taxes. The bill states that the Department shall provide the commissioner of the revenue for each locality with access to the registry and information contained therein. The commissioner of the revenue shall notify an accommodations intermediary of any short-term rental on its platform that is not lawfully authorized to be offered on its platform, and the accommodations intermediary shall remove any such listing from its platform. Under the bill, any accommodations intermediary who does not remove such a listing from its platform shall be subject to a civil penalty of $1,000, to be paid into the Virginia Housing Trust Fund. Finally, the bill has a delayed effective date of July 1, 2026.
AI Summary
This bill establishes a comprehensive statewide registry for short-term rental properties that requires both accommodations providers (property owners) and accommodations intermediaries (online platforms like Airbnb) to register with the Department of Taxation. Providers must submit their name and the specific address of each rental property, after which they will receive a unique numerical identifier for each property. Intermediaries must provide their contact information and require providers to list their unique identifier on all rental listings. Quarterly, intermediaries must report detailed information about rentals, including property addresses, listing URLs, rental periods, and a breakdown of collected charges. Local revenue commissioners will have access to this registry and can notify intermediaries about non-compliant rentals, requiring the platform to remove such listings within seven days. If an intermediary fails to remove a non-compliant listing, they will be subject to a $1,000 civil penalty, which will be deposited into the Virginia Housing Trust Fund. Importantly, the bill does not limit local governments' existing authority to regulate short-term rentals, and it will not take effect until July 1, 2026, giving stakeholders ample time to prepare for implementation.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Left in Finance (on 02/04/2025)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://lis.virginia.gov/bill-details/20251/HB1557 |
| Fiscal Note/Analysis - Impact statement from TAX (HB1557) | https://lis.blob.core.windows.net/files/1018871.PDF |
| BillText | https://lis.virginia.gov/bill-details/20251/HB1557/text/HB1557 |
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