General Assembly Substitute Bill No. 1137, introduced in the January Session of 2023, is an act concerning the regulation of short-term rental facilitators and properties. The bill defines "short-term rental facilitator" and "short-term rental property" and allows municipalities, by vote of their legislative body, to levy a tax on short-term rental facilitators. This tax is for the collection of rent for occupancy of short-term rental properties within the municipality and is capped at two percent of the rent collected from all such rentals during the tax year.

Additionally, the bill permits municipalities to hire consultants to help develop ordinances and regulations related to the operation and use of short-term rental properties, as well as requirements for the licensure of short-term rental operators. The act is set to become effective on July 1, 2023, and introduces new sections to the statutes. There are no deletions indicated in the provided text. The bill has received favorable recommendations from the relevant legislative committees.