Vote Smart's Synopsis:

Vote to pass a bill that establishes a 15% tax on short-term rentals including Airbnb properties.

Highlights:

• Establishes the Laborforce Housing Financing Act of 2023 (Sec. 1). 

• Defines “Laborforce Housing” and establishes that denizens enjoy certain protections (Sec. 1). 

• Establishes the Laborforce Housing fund in the State treasury to make resources available to the department of Housing and Community Development (Sec. 1). 

• Limits the use of fund resources to construct or establish new rehabilitation projects that are paid the prevailing wage rate (Sec. 1). 

• Authorizes a tax on occupancy of a short-term rental in this state at the rate of 15% of the rental price (Sec. 1). 

• Defines “Short-Term rental” (Sec. 1). 

• Requires short-term rental facilitators to collect tax when applicable (Sec. 1). 

• Requires the operator to collect the tax when applicable (Sec. 1)

• Requires the CDTFA to administer and collect the tax pursuant to previous established California Law (Sec. 1).

Full Bill Text