Bill Title: Creates the Short-Term Rental Operators' Occupation Tax Act. Imposes a tax upon persons engaged in the business of short-term rental at the rate of 5% of 94% of the gross rental receipts from such renting, leasing or letting. Imposes an additional tax at the rate of 1% of 94% of the gross rental receipts from such renting, leasing or letting. Provides that operators of short-term rentals shall obtain a business license from the Department of Revenue. Effective October 1, 2020.

Spectrum: Slight Partisan Bill (Democrat 3-1)

Status: (Failed) 2021-01-13 - Session Sine Die [SB3386 Detail]

Text: Latest bill text (Introduced) [HTML]

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