SMC Planning Commission will consider approval of a short-term rental ordinance at their March 22, 2017, meeting (Agenda – Staff Report). A short-term rental is one where all or part of a residence is rented for less than 30 consecutive days. The Board of Supervisors will need to adopt, and the Coastal Commission certify the ordinance before it can go into effect.
Draft Ordinance -- Background

UPDATE 3/22/17: Planning Commission directed staff to review additional public comments submitted during the meeting, and to incorporate any additional changes they see fitting in advance of the presentation to the Board of Supervisors, which is expected in May.