Vacation Rentals - Permitting / Licensing / Taxation
At the upcoming February 24th work session, Finance staff will be providing City Council further details on the existing vacation rental market environment. This information is being provided in response to the November 12th, 2019 Council discussion and public comments concerning changes to the current municipal code for vacation rental properties. This material is intended for Council consideration as it looks to improve safety and equality in this lodging sector. Please note that this topic is scheduled in a work session format which does not allow for formal Council action and does not specifically have a public comment period, but rather is intended for Council to provide Staff with direction on where, or if, Council wishes to advance the issue.
The City now has the capability to identify virtually all short-term rentals that are publicly advertised. With small changes to the municipal code, a significantly improved compliance program can be implemented, which could address the inequity in tax compliance and level the playing field with those who are currently in compliance. While there are multiple perspectives on how to enforce compliance with regulations and who to make exceptions for (if any); enforcement of current regulations will impact this industry even if no changes are made to the current code.
In the coming weeks, City Staff is reaching out to various stakeholders in the lodging community to solicit feedback on possible options and will include those statements in its messaging to the Council at the February 24th work session. For further questions or clarifications, please contact Anthony Lewin in the Finance Department at 920-5006 email@example.com