Ocean City approves occupancy tax on first reading; narrow 4-3 vote; applies to Airbnb, Vrbo, hotels, motels - Ocean City Sentinel
Summary
Ocean City, MD, has approved an occupancy tax on first reading. This tax applies to all short-term rentals, including Airbnb, Vrbo, hotels, and motels. Hosts in Ocean City should stay informed about the tax implementation and its impact on their revenue.
Key Insights
- •Ocean City approved an occupancy tax on first reading, impacting all short-term rentals, hotels, and motels.
Action Items
- ✓Hosts in Ocean City should monitor updates from the city regarding the occupancy tax implementation and details.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to comply with the new occupancy tax regulations can result in penalties and potentially impact profitability.
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