Short-term Rentals Property Tax
| Type | Bill |
|---|---|
| Session | 2020 Regular Session |
| Subjects |
Concerning the property tax classification of property used for short-term rentals.
Bill Summary:
For purposes of the property tax, the bill classifies an improvement that is used to provide short-term stays, which is overnight lodging for less than 30 consecutive days in exchange for a monetary payment. A building or a portion of a building that is designed and used as a residency by a person, a family, or families and that is leased or available to be leased for short-term stays is a residential improvement and, therefore, it is classified as residential property.
A short-term rental unit is excluded from the definition of residential improvements and, therefore, it is classified as nonresidential property. A short-term rental unit is defined to mean a building or a portion of a building that is designed for use predominantly as a place of residency by a person, a family, or families, but that is leased or available to be leased for short-term stays during the property tax year and is occupied by the owner for less than 30 days in a year.
(Note: This summary applies to this bill as introduced.)
Prime Sponsors
Senator
Bob Gardner
Committees
Senate
Finance
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Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 01/15/2020 | Introduced |
| Activity | Vote | Documents |
|---|---|---|
| Postpone Senate Bill 20-109 indefinitely. | The motion passed on a vote of 6-0. | Vote summary |
| Date | Location | Action |
|---|---|---|
| 02/11/2020 | Senate | Senate Committee on Finance Postpone Indefinitely |
| 01/15/2020 | Senate | Introduced In Senate - Assigned to Finance |