Adds to existing law to limit regulation of short-term rentals and vacation rentals and to provide a statewide standard and a transaction tax.

This legislation protects the private property rights of Idaho homeowners by ensuring the right to rent their property is maintained. The legislation protects property owners by allowing local governments to regulate short-term rentals only in cases where it is in the interest of the public health, safety and welfare. The legislation further requires short-term rental marketplaces, that contract with Idaho homeowners, to collect and remit all applicable taxes to the state and local governments which are currently due.