SB1746 Summary: Short-Term Rental Operators' Occupation Tax Act

• Imposes a 5% tax on 94% of gross rental receipts from short-term rentals (dwellings rented for less than 30 consecutive days) plus an additional 1% tax, effective October 1, 2021.

• Requires short-term rental operators to obtain a business license from the Department of Revenue and mandates hosting platforms (like Airbnb) to register, collect and remit taxes, and maintain detailed booking transaction records.

• Exempts receipts subject to the Hotel Operators' Occupation Tax Act and certain religious organizations, while allowing operators to pass tax costs to customers as a separate charge.

• Amends the Hotel Operators' Occupation Tax Act to require re-renters of hotel rooms meeting thresholds of $100,000 in cumulative gross receipts or 200+ transactions to register as hotel operators and remit taxes.

• Extends municipal and county authority to impose local taxes on short-term rentals in addition to existing hotel taxes, with revenues dedicated to tourism promotion.