Bill Status of SB1746 102nd General Assembly
Short Description: SHORT TERM RENTAL
Sen. Cristina Castro
| 1/10/2023||Senate||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
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. Provides that receipts that are subject to tax under the Hotel Operators' Occupation Tax Act are not subject to tax under the Short-Term Rental Operators' Occupation Tax Act. Amends the Hotel Operators' Occupation Tax Act. Provides that re-renters of hotel rooms who meet certain criteria related to gross receipts or number of transactions are required to collect and remit the tax under the Act. Provides that a "re-renter" is a person who obtains from a hotel operator the right or authority to control the access to, or occupancy of, a hotel room located in this State and who resells the right to occupy that room. Effective October 1, 2021.
|Date||Chamber|| Action|| 2/26/2021||Senate||Filed with Secretary by Sen. Cristina Castro|| 2/26/2021||Senate||First Reading|| 2/26/2021||Senate||Referred to Assignments|| 3/9/2021||Senate||Assigned to Revenue|| 4/16/2021||Senate||Rule 2-10 Committee Deadline Established As April 23, 2021|| 4/23/2021||Senate||Rule 2-10 Committee/3rd Reading Deadline Established As April 30, 2021|| 4/30/2021||Senate||Rule 2-10 Committee/3rd Reading Deadline Established As May 7, 2021|| 5/7/2021||Senate||Rule 3-9(a) / Re-referred to Assignments|| 1/10/2023||Senate||Session Sine Die|