An Act authorizing the city of Salem to increase the short-term rental community impact fee for the purpose of school and municipal facilities

This bill allows the City of Salem to raise the fee charged on short-term rental properties from 3 percent to a maximum of 6 percent of the rent for each stay. The additional money collected from this increase must be placed in a special fund dedicated exclusively to planning, building, and maintaining schools and other municipal facilities. The law specifically targets professionally managed and owner-adjacent short-term rental units, ensuring the new revenue supports local infrastructure without affecting the city's ability to seek outside grants.