Committee considers classifying five-plus unit buildings as non-homestead amid short-term rental concerns
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.
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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.
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