1. (a) As used in this chapter, "short term rental" means the rental of:

   1. (1) a single family home;
   2. (2) a dwelling unit in a single family home;
   3. (3) a dwelling unit in a two-family or multifamily dwelling; or

   4. (4) a dwelling unit in a condominium, cooperative, or time share;

      for terms of less than thirty (30) days at a time through a short term rental platform. The term includes a detached accessory structure, including a guest house, or other living quarters that are intended for human habitation, if the entire property is designated for a single family residential use.

2. (b) The term does not include property that is used for any nonresidential use. For purposes of section 1 of this chapter, the term does not include a private, owner occupied business with two (2) to ten
3. (10) guest rooms where overnight accommodations and a morning meal are provided to the public for compensation and that is operated primarily as a business.

As added by P.L.73-2018, SEC.1. Amended by P.L.157-2026, SEC.230.