Bill > H3588

This bill authorizes the town of Wellfleet to impose a local room occupancy excise tax, which is a tax on temporary lodging, specifically on seasonal rental properties and other transient accommodations, meaning places like bed and breakfasts, vacation homes, condominiums, or time-shares rented out for lodging. This tax, which can be up to five percent of the rental cost, will apply to occupancies of ninety days or less and will commence at the start of the fiscal year following the bill's passage, with an exemption for rentals costing less than fifteen dollars per day or those already exempt under existing state law (G. L. c. 64G, §2). Operators of these seasonal rentals will be responsible for collecting and paying this tax, similar to how they handle other occupancy taxes.