The Arizona Legislature may tackle another fix for a law it passed nearly four years ago regulating short-term rentals, this time aiming to tax corporate homeowners.
The potential legislation is being discussed as a way to continue changes to a 2016 laws that opened the doors for more short-term home rentals by barring cities from regulating them. Since that bill, cities have repeatedly returned expressing dissatisfaction with the law's impacts.
This fix would look to target corporate homeowners whose industry is based on buying and renting out properties on a short-term basis, according to the Arizona Capitol Times.
That challenge, said the Arizona Tax Research Association, is delineating how the tax is applied because property can't be classified based on ownership, according to the Capitol Times.
