Hawaii's first-in-the-nation climate change tourist tax expected to generate nearly $100M annually - abc7.com
Summary
Hawaii is implementing a new climate change tourist tax expected to generate nearly $100 million annually. This is a significant development in STR regulation as the funds will likely affect host profitability. Hosts should monitor how these funds are allocated and how the tax impacts their overall costs.
Key Insights
- •Hawaii's climate change tourist tax is expected to generate nearly $100M annually.
Action Items
- ✓Monitor the implementation of the new tax and track its impact on your expenses and profitability.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to comply with the new climate change tourist tax regulations could result in penalties.
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