42-6011. Municipal transaction privilege tax rates; residential rentals; notification; applicability
A. A city or town that levies a transaction privilege, sales, gross receipts, use, franchise or other similar tax or fee, however denominated, shall not impose or increase the rate of tax applied to the business of renting or leasing real property for residential purposes unless approved by the qualified electors of the city or town at any regular municipal election.
B. A city or town that levies a transaction privilege, sales, gross receipts, use, franchise or other similar tax or fee, however denominated, applied to the business of renting or leasing real property for residential purposes shall send a notice by first class mail to each residential transaction privilege tax licensee that is licensed with the department and to the address of each residential rental property that there is a new or increased rate of tax at least sixty days before the effective date of the new or increased rate of tax.
C. This section does not apply with respect to health care facilities, long-term care facilities or hotel, motel or other transient lodging businesses.
D. The requirements of this section apply regardless of whether the city or town has adopted the model city tax code pursuant to article 2 of this chapter.