AN ACT CONCERNING THE REGULATION AND TAXATION OF SHORT-TERM RENTAL PROPERTIES AND THE DEDICATION OF A PORTION OF THE ROOM OCCUPANCY TAX FROM SUCH RENTALS.

HB 5416 establishes a state-wide registry for short-term rental properties (like Airbnb) requiring owners to pay a registration fee and meet safety standards and insurance requirements. It redirects 50% of the state's room occupancy tax revenue from these rentals to local municipalities and 25% to the Tourism Fund, while allowing towns to impose additional local taxes. The bill directly affects property owners who rent short-term and municipalities that receive the redirected tax funds. Key provisions include mandatory registration, safety rules, and a structured tax allocation system to fund local services and tourism. The legislation aims to standardize regulation and ensure tax revenue supports community and tourism priorities.