The proposed bill seeks to amend section 9-500.39 of the Arizona Revised Statutes, specifically addressing regulations surrounding vacation rentals and short-term rentals. It introduces new provisions that allow cities and towns to limit the number of such rentals by adopting ordinances that can set a maximum number of regulatory permits or licenses, require specific distances between rentals, or establish maximum numbers within designated areas.

Additionally, the bill includes a provision that exempts owners of existing vacation rentals or short-term rentals, who hold valid permits or licenses prior to the amendment's effective date, from new ordinances adopted under these regulations, provided they maintain their permits in good standing. However, this exemption does not apply if the city or town deems it necessary for public health and safety or if the owner's permit is revoked or suspended. The bill also removes a previous subsection labeled "L" from the current law.

Statutes affected:
Introduced Version: 9-500.39