Bill > SB0309

This bill introduces a new excise tax on owners who rent out 25 or more single-family homes, with tax amounts increasing based on the number of rental homes owned, starting in 2027, and establishes a Housing Transition Redevelopment Grant Program funded by this tax and penalties to help municipalities convert these rentals into owner-occupied attainable homes, while also requiring owners of single-family rental homes to register them with the Division of Real Estate by October 1, 2026, or 30 days after renting them, with penalties for non-compliance, and mandates that county auditors include information about this registration requirement with property tax notices sent on or before July 22, 2026.

Budget and Finance

https://le.utah.gov/~2026/bills/static/SB0309.html