Title
An Ordinance creating Subsection 2-172(I) of the Lexington-Fayette Urban County Government Code of Ordinances pertaining to the application of transient room taxes to short term rentals, and creating Section 13-76 of the code, titled "Short Term Rentals," requiring each host to comply with the applicable provisions of Chapter 13 of the code and federal, state and local laws and regulations, all effective upon date of passage. [Dept. of Finance, O'Mara]
Summary
An Ordinance creating Subsection 2-172(I) of the Lexington-Fayette Urban County Government Code of Ordinances pertaining to the application of transient room taxes to short term rentals, and creating Section 13-76 of the code, titled "Short Term Rentals," requiring each host to comply with the applicable provisions of Chapter 13 of the code and federal, state and local laws and regulations, all effective upon date of passage. [Dept. of Finance, O'Mara]
Budgetary Implications: NO
Advance Document Review: N/A
Fully Budgeted: N/A
Account Number: N/A
This Fiscal Year Impact: N/A
Annual Impact: N/A
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Body
WHEREAS, the rental of short terms dwelling units which are not hotels, motels, bed and breakfast inns, boarding and lodging rooms, or extended stay lodging facilities has an increasingly popular choice among visitors to Lexington-Fayette County;
WHEREAS, the Internet has provided a multitude of opportunities for owners or renters of residential property to offer their homes or apartments, or rooms therein, as short term rentals for compensation to those seeking accommodation in Lexington-Fayette County;
WHEREAS, Lexington-Fayette County has a growing number of these dwelling units being rented for short terms, most of which are being advertised via online third party platforms;
WHEREAS, those offering their homes or apartments, or rooms therein, as short term rentals for compensation are engaging in an accommodations business for profit in L...
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