Upon the next term of rental entered after January 1, 2023, whether a renewal of an existing lease or a new tenant, an excise tax of three percent is imposed on the gross amount of the rent, lease or license of each single-family residential dwelling unit owned by an individual, partnership, corporation, or any other commonly controlled entity that rents, leases, or licenses, or holds out for rent, lease, or license more than five single-family residential dwellings within the City.
(a) Payments made by the tenant to, or on behalf of, the commonly controlled entity for property taxes, repairs, or improvements are considered to be part of the taxable gross amount;
(b) Subject to the exceptions herein, charges for such items as telecommunications, utilities, pet fees, or maintenance are considered the taxable gross amount.
(1) Utility charges are exempt from gross taxable amount if paid directly by the tenant; and
(2) Utility charges are exempt from gross taxable amount if the single-family dwelling is outfitted with its own meter and the commonly controlled entity charges the tenant the exact amount of the utility bill due.
(Ord. 2022-15. Passed 9-6-22.)