|This guest bedroom in Annandale is available on Airbnb for $50 a night.|
The meeting, hosted by the Mason District Council of Community Associations, is Oct. 5, 7-9 p.m., at Sleepy Hollow Elementary School, 3333 Sleepy Hollow Road.
Panelists include state senators David Marsden and Richard Saslaw, Del. Kaye Kory, and representatives from Fairfax County.
The key topic will be the Limited Residential Lodging Act (SB416), which was passed by the Virginia Assembly in April and is undergoing further study for completion by Dec. 1.
The act allows people to rent out their primary residence or portions of their home for less than 30 consecutive days through a hosting platform such as Airbnb, VRBO, or Homeaway.
Localities would be pre-empted from adopting ordinances or zoning restriction prohibiting such short-term rentals.
The law, however, allows localities to adopt ordinances requiring people renting their primary residences under one of these hosting companies to have a minimum of $500,000 of liability insurance and register with the locality. Localities could prohibit homeowners from renting their home if they fail to pay applicable taxes.
Hosting companies must register with the Department of Taxation to collect and remit all applicable taxes on behalf of the property owner.
The measure also directs the Virginia Housing Commission to convene a work group to further study the issues presented in the bill and make recommendations for consideration in the 2017 session of the General Assembly.