House Bill (HB) 2254 municipal tax exemption; residential lease
Sponsor: Representative Darin Mitchell
Overview: HB 2254 eliminates the residential rental tax.
League Position: OPPOSE - The League opposes the bill as it is would cost cities and towns over $87 million.
Summary: HB 2254 prohibits municipalities from imposing a residential rental tax and requires those that already have this tax to reduce the rate by 25% each year until the rate is zero.
Updates
02/2/15: HB 2254 passed the House Ways and Means Committee by a vote of 5-4. The bill now proceeds to the Rules Committee.
02/16/15: HB 2254 from House rules okay. To House consent calendar.
02/16/15: HB 2254 stricken from House consent calendar by Boyer.
02/17/15: HB 2254 stricken from House consent calendar by Rios.