House Bill No. [insert bill number] proposes an amendment to R.S. 47:338.221(A)(1) concerning the occupancy tax on short-term rentals in the city of New Orleans. The bill seeks to increase the maximum occupancy tax that the governing authority can levy from the current rate of six and three-quarters percent (6.75%) to ten percent (10%) of the rent or fee charged for such occupancy. This change aims to provide the city with greater revenue potential from short-term rental operations, which have become increasingly popular.

The bill retains the existing definitions and provisions regarding short-term rentals, which are defined as rentals of residential dwellings for lodging purposes for periods of less than 30 consecutive days. The proposed law will take effect upon the governor's signature or, if not signed, after the expiration of the time for bills to become law without signature. If the governor vetoes the bill and it is subsequently approved by the legislature, it will become effective the day after such approval.

Statutes affected:
HB610 Original: 47:221(A)(1)