S.B. 309: Single-family Home Rental Modifications

What the bill does

Did not pass both chambers; the bill was filed on March 6, 2026.

This bill addresses rentals of single-family homes.

• Defines terms, including "single-family home"
• Establishes a registration requirement for owners, including property managers, of single-family homes used for rental
• Imposes a penalty for failure to register
• Requires notice of the registration requirement to be included with the 2026 property valuation notice
• Subjects an owner of 25 or more single-family homes used for rental to an excise tax per home
• Requires the Division of Real Estate to provide owners who register with information about the excise tax and to share information about registered property with the county assessors for purposes of verifying eligibility for the primary residential exemption
• Creates a competitive grant program for a municipality to obtain funding to transition single-family homes to owner-occupied homes
• Schedules the repeal of the registration requirement, the excise tax, and the grant program but requires legislative review before repeal
• Makes technical and conforming changes

The description and list come from the bill's own long title as recorded by the Legislature. Read the official bill. The Ledger takes no position on it.

Subjects: Department of Commerce · Real Estate · Housing · State Tax Commission · Revenue and Taxation · Real Property · Affordable Housing

How it moved

1. February 19, 2026 · Senate1st reading (Introduced)Rules Committee
2. February 20, 2026 · Senateto standing committeeRevenue and Taxation Committee
3. March 4, 2026 · SenateSenate Comm - Recommends Returned to RulesRevenue and Taxation Committee
4. March 6, 2026 · Senatefiledfile for bills not passed

Steps as the Legislature recorded them; clerical and fiscal-staff entries are left out. Numbers such as 54-14-7 are yeas, nays and absent.

Fiscal note

From the Legislative Fiscal Analyst's note on S.B. 309, dated February 25, 2026. A fiscal note estimates direct costs and revenue; it is not an appropriation.

• State revenue: New Account Created By Bill (FN Only) New Account Created By Bill (FN Only), One-time Enactment of this legislation could increase revenue to the Housing Transition Redevelopment Fund by $38,000,000 ongoing beginning in FY 2027, and $6,300,000 one-time in FY 2026 due to the new tax imposed on property owners.
• State expenditures: New Account Created By Bill (FN Only) Enactment of this legislation could cost the Division of Finance $1,900 ongoing from the General Fund beginning in FY2027 and $900 one-time from the General Fund in FY 2026 to create a new fund for the new tax to be deposited into.
• Local government: Enactment of this legislation could cost local governments $27,000 ongoing beginning in FY 2027 for implementation of the new required reporting to the county assessors.
• Individuals and businesses: Enactment of this legislation could require property owners with 25 or more single-family units to pay a per-unit tax of between $2,000 and $6,000. This tax is estimated to generate around $75 million in additional revenue to the newly created Housing Transition Redevelopment Fund.

Bill overview

Sponsor: John D. Johnson

Legislature passed-list status: Not available in the saved metadata.

Passed-list membership is not a finding that a bill was signed or took effect. A bill absent from that list is not necessarily pending or defeated.

Latest recorded action

filed
Action date: March 6, 2026

The full step list is above. Find the bill in the official session list for status, hearings and committee records.

Recorded floor votes

No floor-vote records for this bill and session are available here. This does not mean no vote occurred; consult the official bill record.

Ledger coverage

No Ledger stories with an explicit source link to this bill and session are listed here.