This bill amends the General Laws in Chapter 44-18 regarding sales and use taxes by including "hosting platform" under the definition of "room-seller." It imposes a new tax of five percent (5%) on the rental of houses and condominiums. The tax will be administered and collected by the division of taxation, and the funds collected will be used exclusively for municipal infrastructure improvements, riverine and coastal resiliency, and housing.

The bill also clarifies that the hotel tax is in addition to any sales tax imposed and replaces previous exemptions for entire rentals of houses and condominiums. It specifies that all sums collected from this tax, including penalties and interest, shall be distributed at least quarterly to the city or town where the house or condominium is located. The act is set to take effect upon passage.