Title: Repeals Rental Tax Across the State
Title: Repeals Rental Tax Across the State
Vote to pass a bill that repeals all rental taxes across the state.
Amends previous tax law to specify that on or before January 1, 2024 any landlord of rental property located within a city, town or other taxing jurisdiction that levies a transaction privilege tax is required to reduce the amount due by an amount equal to the difference caused by the elimination of the transaction privilege tax (Sec. 4).
Specifies that after December 31, 2023 a city, town or other taxing jurisdiction is prohibited from levying a transaction privilege, sales, gross receipts, use, franchise, or other similar tax or fee (Sec. 7).
Exempts health care facilities, long-term care facilities, hotels, motels, and other transient lodging businesses from the aforementioned provisions (Sec. 7).
Title: Repeals Rental Tax Across the State
Vote to pass a bill that repeals all rental taxes across the state.
Amends previous tax law to specify that on or before January 1, 2024 any landlord of rental property located within a city, town or other taxing jurisdiction that levies a transaction privilege tax is required to reduce the amount due by an amount equal to the difference caused by the elimination of the transaction privilege tax (Sec. 4).
Specifies that after December 31, 2023 a city, town or other taxing jurisdiction is prohibited from levying a transaction privilege, sales, gross receipts, use, franchise, or other similar tax or fee (Sec. 7).
Exempts health care facilities, long-term care facilities, hotels, motels, and other transient lodging businesses from the aforementioned provisions (Sec. 7).
Title: Repeals Rental Tax Across the State