Bill > H7657

This bill distinguishes between owner-occupied and non-owner-occupied short-term rentals for tax purposes by amending existing laws related to tourism and development. Specifically, it defines "primary residence" as a property where the owner lives for at least seven months a year and is registered to vote, and "short-term rental" as a rental not exceeding thirty nights. Properties registered as a short-term rental that are also the owner's primary residence will be classified as residential real estate for tax purposes, while those that are not the owner's primary residence will be classified as commercial property. The bill also updates registration requirements for short-term rentals listed on hosting platforms, requiring owners to provide their primary residence information, and mandates that these classifications take effect upon the bill's passage.

Housing and Urban Affairs

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