Amends and adds to existing law to establish provisions regarding the County Property Tax Relief Act to provide that a county may establish a sales tax on certain lodging to provide property tax relief to homeowners in the county and to revise a provision regarding certain duties of owners of short-term rental properties.
TAXATION -- Amends and adds to existing law to establish provisions regarding the County Property Tax Relief Act to provide that a county may establish a sales tax on certain lodging to provide property tax relief to homeowners in the county and to revise a provision regarding certain duties of owners of short-term rental properties.
STATEMENT OF PURPOSE
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This legislation establishes a county property tax relief fund and authorizes the board of county commissioners to seek voter approval to establish a county option transient room sales tax. If approved by county voters, a local sales tax of up to 3% on hotel, motel, vacation rental, and private campground rentals would be assessed. At least 50% of tax revenues will be directed to provide property tax relief, with no more than 50% of tax revenues dedicated to public safety services.
FISCAL NOTE
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If voters in every county adopt a 3% county option transient room sales tax, total revenues are estimated to be $32.6 million annually. Of that amount, no less than $16.3 million would be dedicated to property tax relief. The remaining $16.3 million would be dedicated to law enforcement, search and rescue, emergency medical, and fire protection services. This legislation will not impact the state general fund.
LATEST ACTION
Reported Printed and Referred to Revenue & Taxation
BILL INFO
- Session
- 2025
- Chamber
- house
- Status date
- Mar 10, 2025
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