Bill > H4287

This bill aims to regulate and insure short-term rentals in Massachusetts. Key provisions include: 1. Establishing a Short-Term Residential Rental Excise tax, with different rates for "Residential Hosts," "Professionally Managed Hosts," and "Investor Hosts." Cities and towns can also impose a local excise tax. 2. Allowing cities and towns to classify hosts as "Investor Hosts" and impose a higher tax rate up to 10% on them, with half the funds used for infrastructure or affordable housing. 3. Giving cities and towns the option to restrict short-term rentals to permanent residents only and/or limit the number of rental days. 4. Requiring hosts to register their units, maintain liability insurance, and comply with safety and other regulations. Hosting platforms must also comply with certain requirements. 5. Authorizing cities, towns, and the state to enforce the law through civil and criminal penalties. 6. Allowing insurers to exclude coverage for short-term rental activities under homeowners or renters policies, and requiring hosts to notify their insurers. The bill aims to balance the benefits of short-term rentals with managing the impacts on local communities.

Budget and Finance

https://malegislature.gov/Bills/190/H4287