Rhode Island is not the only state that has experienced growth in the short-term rental industry. Here on Aquidneck Island, we have seen the sudden expansion of the industry impacting neighborhoods and year-round housing. The RI House has appointed a Short-Term Rental Study Commission to be chaired by Rep. Lauren Carson and Rep. Terri Cortvriend, (Middletown/Portsmouth) will serve as a member. The focus will be on policies that are fair, respect our neighborhoods and create a manageable tourism economy.
The 15-member commission will study the effects of short-term rentals on the State of Rhode Island and on Rhode Island municipalities. The study shall, but not be limited to a review of all current and existing RI Statutes on short-term rentals; an update on the State registration process and its enforcement; and an evaluation of our current taxation policies.
The Commission shall report to full House of Representatives on March 15, 2024.