HB99 Summary

• Prohibits municipalities from imposing a business license tax on residential real estate rentals on a per-unit basis unless the municipality was already imposing such a tax prior to January 1, 2014.

• Exempts lodging taxes and privilege or license taxes from the definition of "business license tax" under this prohibition.

• Allows municipalities and related municipal boards to continue imposing fees on commercial or residential developments or projects within their jurisdiction.

• Becomes effective immediately upon passage and approval by the Governor or upon becoming law otherwise.