03-04-2023, 10:03 AM
113.sr. Short-term Rentals. This proviso prohibits political subdivisions from enacting or enforcing an ordinance that prohibits short-term rentals unless the political subdivision also provides financial incentives for the purchase and rental of affordable housing and zoning allowances in exchange for an affordable covenant of at least 20 years. If a political subdivision violates this provision or enacts any such ordinance, the State Treasurer shall withhold their portion of the Local Government Fund. The proviso defines “short-term rental” as an individually or collectively owned residential house or dwelling unit or group of units that is rented wholly or partially for residential use for any period of time greater than three consecutive days.
The Ways and Means Committee kept the following provisos from last year that are of interest to cities and towns:
https://www.live5news.com/2023/02/17/bil...llegal-sc/
https://www.scstatehouse.gov/sess125_202...s/3253.htm
https://www.wltx.com/article/news/politi...9093eb874a
The Ways and Means Committee kept the following provisos from last year that are of interest to cities and towns:
https://www.live5news.com/2023/02/17/bil...llegal-sc/
https://www.scstatehouse.gov/sess125_202...s/3253.htm
https://www.wltx.com/article/news/politi...9093eb874a