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HomeMy WebLinkAboutItem #11 - Ordinance Amendment to Transient Occupancy TaxTransient Occupancy Tax Ordinance Revisions January 14, 2019 Recommendation “INTRODUCE AN ORDINANCE AMENDING DESIGNATED PORTIONS OF THE CITY OF SAN LUIS OBISPO MUNICIPAL CODE SECTION 3.04.020, SECTION 3.04.080, SECTION 3.04.090, SECTION 3.04.100 AND SECTION 3.04.130 OF MUNICIPAL CODE CHAPTER 3.04 –TRANSIENT OCCUPANCY TAX” What is TOT? A 10% tax levy by the City on transients for all applicable room rent. Collected by business operator and applicable for all stays under 30 days. Each operator shall collect the tax imposed and remit to the tax administrator within the period established in Chapter 3.04. The ordinance to collect TOT was implemented in 1955. The City’s third largest source of General Fund Revenue. Traditionally a stable income from stable industry (Hotels) Why the change? Lodging industry has dramatically changed with homestays entering the market. Less stable industry with a multitude of known and unknown players Enforcement action availability was limited Currently around 100 permitted and at least 64 unpermitted homestays operating within the City Third party host compliance company estimates over $400,000 in TOT debt owed to the City. Recommended Changes Lien on Property: Since linked directly to property rental, the tax administrator may take necessary action to enforce a lien on the property for unpaid taxes. This process mirrors the adopted policy to collect debt related to code enforcement, fire safety, and solid waste violations. Creates an even playing field for operators that have been properly remitting TOT and long-term rentals that maintain housing stock. If unpaid, Tax Administrator assesses amount due Operator can request appeal of Tax Administrator’s decision with Council TOT Due Operator may request appeal with Tax Administrator TOT is due based on council decision If TOT remains unpaid it will be placed as a lien on the property Proposed Appeal Process Recommendation “INTRODUCE AN ORDINANCE AMENDING DESIGNATED PORTIONS OF THE CITY OF SAN LUIS OBISPO MUNICIPAL CODE SECTION 3.04.020, SECTION 3.04.080, SECTION 3.04.090, SECTION 3.04.100 AND SECTION 3.04.130 OF MUNICIPAL CODE CHAPTER 3.04 –TRANSIENT OCCUPANCY TAX”