Regulation that would govern short-term property rentals was deferred last week by Laguna Vista officials, pending further legal review.
The first reading of Ordinance Number 2011-36, regulating the use by property owners of their homesteads as short term rentals, and requiring the collection and remittance of hotel occupancy and sales taxes, was heard by councilmembers in September.
Short-term rentals are considered on property that last 30 days or less and would require owners to pay state hotel occupancy tax of six percent, and local sales tax of 8.26 percent. Further, property owners would be required to obtain a license from the Town to collect these taxes.
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