Key Points:
- Cities seek update to law restricting short-term rental licenses
- Previous bills to regulate short-term rentals have largely gone unheard
- Airbnb contributed $3.5 billion to Arizona’s economy through its hosts
Arizona is approaching the 10-year mark since the Legislature prevented local governments from banning short-term rentals and city leaders are hoping enough time has passed for an update to the law.
Officials from the League of Arizona Cities and Towns say they will be running a bill in the upcoming legislative session to restrict the number of short-term rental licenses that are issued within a municipality’s jurisdiction.
Similar legislation has been filed in previous years, but those bills have been unheard in committees while some cities like Sedona have seen as much as 20% of their housing stock converted into short-term rentals.
