The proposed bill would amend section 9-500.39 of the Arizona Revised Statutes to provide cities and towns with new regulatory powers over vacation rentals and short-term rentals. Specifically, it would allow municipalities to limit the number of such rentals based on a percentage of the total number of residentially zoned buildings or structures within their jurisdiction. Additionally, the bill would enable local governments to regulate these rentals in a manner similar to how transient lodging activities are managed.

Current law remains unchanged, but the bill would remove the existing subsection labeled "L" and replace it with a new subsection "m" that includes the definitions necessary for the application of the new regulations. This update aims to clarify the authority of local governments in managing vacation and short-term rental properties while ensuring that the definitions relevant to the section are maintained.

Statutes affected:
Introduced Version: 9-500.39