This bill amends Section 42-63.1-14 of the General Laws in Chapter 42-63.1 entitled "Tourism and Development." The amendment allows rental properties offered for tourist or transient use on a hosting platform to be exempt from any prohibition by cities, towns, or municipalities. The hosting platform must comply with certain tax requirements and the division of taxation will confirm if the platform is registered. Additionally, any short-term rental property listed on a third-party hosting platform in Rhode Island must be registered with the department of business regulation, and the assigned registration number must be displayed on any advertising or listing of the property. The department of business regulation will contact hosting platforms to notify them of the registration requirement, and failure to register may result in fines. The department will also create an online database to store all registered short-term rental units.

Statutes affected:
1007: 42-63.1-14