The City of Little Rock will be holding two public discussions on short term rentals.
The city’s Planning Department will be holding the meetings on Wed. June 2 from 6-7:30 p.m. and on Monday, June 7 from 6-7:30 p.m. The June 2 meeting will be held at the Josephine Pankey Community Center, while the June 7 meeting will be held at 2716 Kavanaugh Boulevard.
During these meetings, city representatives will listen to feedback on a draft of an ordinance concerning short term rentals. In a city release, short term rentals are defined as “furnished self-contained apartments and homes that are rented for short periods of times (less than 30-days).”
In the ordinance, the city would amend existing city code to levy a 4 percent tax on gross proceeds from renting or leasing short term rentals.
The ordinance would also divide short term rentals into two types. A short term rental type 1 (STR-1) is an owner-occupied unit that contains no more than five guest rooms, and the guest rooms can be rented out to individuals for no longer than 29 consecutive days. A short term rental type 2 (STR-2) is a unit that is not occupied by the owner, and guests can rent the space for no more than 29 consecutive days.
It would also amend an exist code that places certain requirements on bed and breakfast hotels to apply to short term rentals. The code requires that bed and breakfast hotels provide one paved off-street parking space per guest room and one additional space for residence use, allows bed and breakfasts to use signage permitted by single-family residential standard, and prohibits receptions, private parties or tours for a fee.
There will not be a formal presentation during the meetings. See the ordinance draft here.