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Committee considers classifying five-plus unit buildings as non-homestead amid short-term rental concerns
Summary
Tax staff told the Senate Finance Committee the simplest way to reduce workload would be to treat any building with five or more units as non-homestead (commercial), but members raised concerns about mixed-use buildings, owner-occupied units and behavioral effects on landlords.
The Senate Finance Committee spent substantial time on how the proposed tax changes would treat lodging establishments and short-term rentals, including a narrow administrative proposal to classify buildings with five or more units as non-homestead.
Jake (S3) of the tax department described the suggestion as an administrative shortcut: "...anything with 5 units or more kinda taken off the table as non homestead residential," he said, framing the change as a way to limit the amount of case-by-case review local listers and tax staff would need to perform.
Supporters said the number of…
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