HB 2135 Summary

• Imposes an additional 16.5% transaction privilege tax on online lodging marketplace operators who have registered with the Department of Revenue under section 42-5005, subsection L.

• Directs all revenue collected from the additional tax to be deposited into the housing trust fund established under section 41-3955 for housing affordability and assistance programs.

• Adds section 42-5010.02 to require online lodging marketplace operators to pay the additional tax at the same time and manner as other transaction privilege tax obligations.

• Amends section 41-3955 to include revenues from the new online lodging tax as a funding source for the housing trust fund alongside existing sources.

• Requires a two-thirds vote in each house of the legislature for passage and takes effect upon the governor's signature or subsequent legislative override.