Bill > HB988

This bill repeals and replaces sections of Missouri law related to transient guest rentals. The key provisions are: 1. It defines important terms like "facilitation platform," "marketing platform," "owner," "political subdivision," "residential dwelling," "residential dwelling rental," and "transient guest." 2. It prohibits political subdivisions from enacting laws that effectively prohibit residential dwelling rentals, and requires any property owners association rules prohibiting such rentals to be approved by a unanimous vote. 3. It allows political subdivisions to impose local taxes on transient guests of residential dwelling rentals, but limits the tax rate to no more than the equivalent taxes on traditional lodging establishments. 4. It requires facilitation platforms to collect and remit any applicable taxes on residential dwelling rentals, and requires marketing platforms to disclose tax obligations to both guests and owners. 5. It clarifies that residential properties used for transient housing shall be classified as residential property for tax purposes, rather than commercial or other classifications.

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https://www.house.mo.gov/Bill.aspx?bill=HB988&year=2017&code=R