This bill amends the General Laws in Chapter 44-18 regarding sales and use taxes, specifically focusing on the definition of services and the imposition of hotel and rental taxes. It introduces a new definition for "services" that includes "hosting platforms" as part of the definition of "room-seller." The bill imposes a five percent (5%) hotel tax on the total consideration charged for the rental of houses and condominiums, which was previously exempt if rented in their entirety.

The revenue generated from this tax is designated exclusively for municipal infrastructure improvements, riverine and coastal resiliency, and housing. The tax is to be administered and collected by the division of taxation, and all sums collected 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.