City of Gaithersburg Economic and Business Development Committee met Sept. 21.
Here is the agenda provided by the Committee:
1. CALL TO ORDER
The Regular Session of the Economic and Business Development Committee was called to order at 7:45 AM with Member Henry Bernstein presiding.
2. APPROVAL OF MINUTES
A. Regular Session held July 20, 2018
Vishal Gupta, although not present, voted via email to approve the minutes.
RESULT: APPROVED [UNANIMOUS]
MOVER: Scott Friedman, Member
SECONDER: Henry Bernstein, Member
FOR: Bernstein, Friedman, Gupta, Morrison, Salah, Thatte, Usatine, Wright
ABSENT: Dellon, Hines, Lin, Markiewicz, Seward
3. DISCUSSION TOPICS
A. Short-term Rentals (Airbnb-type properties) versus Hotels: Regulation and Tax Revenue Implications
Those present discussed licensing and taxation of short-term residential rentals, focusing on issues that included health & safety of hosts and guests, impact upon neighborhoods, revenue-generating opportunities for landlords, duration and frequency of rental activity. Suggestions included establishing a licensing fee equal to the estimated median tax revenue properties generate (as an alternative to a room tax), waiving a licensing requirement on properties that rent for fewer than a threshold of a few days per year, and limiting regulation. Health and safety, maximum days offered for rental per year, and parking were generally deemed to be items that likely require regulation.
4. ADJOURNMENT
There being no further business, the session was adjourned at 9:00 AM
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