This bill amends the General Laws in Chapter 44-18 regarding sales and use taxes by including "hosting platforms" in the definition of "room-seller." It imposes a new tax of five percent (5%) on the total consideration charged for the rental of houses and condominiums, which were previously exempt from this tax if rented in their entirety. The revenue generated from this tax will be used exclusively for municipal infrastructure improvements, riverine and coastal resiliency, and housing.

The bill also clarifies the responsibilities of room resellers and hotels in collecting and remitting sales and use taxes, ensuring that taxes are calculated based on the fees paid by occupants. It specifies that all sums collected from the new tax will 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.