Plain English Breakdown
The exact percentage or amount of tax being dedicated is not stated in the provided excerpts, only that it is a 'portion'.
Sharing Short-Term Rental Taxes with Local Towns
This bill changes Chapter 219 of the general statutes so that part of the room occupancy tax collected by the state from short-term rentals goes to the local towns where those properties are located.
What This Bill Does
- Amends Chapter 219 of the general statutes regarding taxes.
- Dedicates a portion of the room occupancy tax received by the state from short-term rentals to municipalities.
Who It Names or Affects
- Municipalities where short-term rental properties are located
Limits and Unknowns
- The bill does not specify the exact portion or percentage of tax to be dedicated.
- The effective date is not listed in the provided source material.