MARCH 2023 NEWS
If Passed, SC Bill Could Deter Local Bans on Short-Term Rentals
According to a recent study, short-term rentals now contribute over $4 billion to SC’s economy and generate “nearly $2 billion in revenue for property owners” each year. Given the growing number of local bans and regulations on them and the importance of the tourism industry to the state, a new bill was recently introduced to the SC State House to deter local governments from imposing laws that ban renting a residence (including individual rooms) for fewer than 29 days. If it goes through, any city or county that continues to impose short-term rental bans would face penalties. Read more here and here.
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