The bill amends the Revised Code to extend sales and use taxes, as well as local lodging taxes, to short-term rentals, requiring platforms to collect these taxes to ensure parity with traditional hotels. It introduces definitions for "short-term rental property" and modifies existing definitions to encompass short-term rentals within excise tax contexts. Additionally, it allows convention facilities authorities and lake facilities authorities to levy excise taxes on short-term rental transactions, mirroring the provisions applicable to hotels. The bill aims to create a more equitable tax structure that enhances local revenue collection from the growing short-term rental market.

Moreover, the bill permits county commissioners to amend existing tax resolutions to increase lodging tax rates and allocate revenue for specific purposes, including tourism-related infrastructure. It establishes a framework for counties to levy excise taxes on lodging transactions, including those from short-term rentals, with revenue directed towards tourism facilities. The bill also clarifies definitions related to lodging and tax administration, ensuring compliance with new provisions while eliminating outdated language. Overall, the legislation seeks to modernize tax regulations and enhance funding for local tourism and community projects.

Statutes affected:
As Introduced: 351.01, 351.021, 353.06, 5739.01, 5739.08, 5739.09, 5739.091, 5741.01