State: Massachusetts
The bill: H4841 (MA | 2018)
What does this statewide short term rental bill do?
- register with the state
- minimum of $1 million in insurance
- 5% tax to the state
- Cities can impose an additional 6% tax
- Creates state affordable housing fund
- funded by 3% tax on property owners with 2+ short-term rentals in the same city
- Exempts properties rented for fewer than 14 days/year
Governing | As Airbnb Battles Cities Trying to Regulate It, One State Joins the Fight