Modifies provisions relating to the classification of certain residential real property used for short-term rentals

HB 2060 reclassifies short-term residential rentals (less than 30 days) as "residential property" for tax purposes in Missouri, directly affecting homeowners and property managers who rent single-family homes or rooms for brief stays. The bill clarifies that such rentals - subject to sales tax under state law - must be taxed as residential property, not as "transient housing" like hotels. This change ensures these properties are treated consistently with traditional residential real estate under Missouri's tax classification system. The law also updates definitions to exclude short-term rentals from being considered "transient housing" for tax classification purposes.