short-term rentals; vacation rentals.

HCR 2032 is a proposed law that would exempt local regulations on short-term rentals (like Airbnb properties) from requiring "just compensation" if they reduce property value. It adds a specific exemption to Arizona’s land use law (Section 12-1134), stating that rules regulating vacation rentals or short-term rentals do not trigger owner claims for compensation under the law. This directly affects property owners in cities with short-term rental rules and local governments creating such regulations. The bill does not create new rental rules but changes the legal framework around compensation claims related to existing or future local ordinances. If passed, it would prevent owners from suing for payment when cities regulate short-term rentals.