H.B. 1470 Summary

• Allows hosting platforms registered with the Department of Taxation to collect and remit general excise tax and transient accommodations tax on behalf of short-term rental lodging operators for booking transactions made through their platforms.

• Requires hosting platforms collecting taxes to provide detailed quarterly and annual returns listing operator names, addresses, tax identification numbers, rental unit addresses, booking transaction counts, days rented, and gross rental proceeds.

• Applies general excise tax to short-term rental lodging operators and requires operators to register and demonstrate compliance with all applicable state and county land use, zoning, and tax requirements before listing on hosting platforms.

• Mandates hosting platforms remove listings that lack proper registration numbers, lack operator attestation of compliance, or have received written notice of non-compliance from state or local authorities, with penalties of $500-$5,000 per day for violations.

• Requires short-term rental lodging operators to maintain detailed records for three years of all rental use dates, booking transaction information, number of occupants, days rented, and rental charges.

• Effective for taxable years beginning after December 31, 2018, with hosting platform application forms to be made available by January 1, 2019.