McKinney updates hotel occupancy tax ordinance for short-term rentals - Community Impact | News
Summary
McKinney, TX has updated its hotel occupancy tax ordinance to include short-term rentals. Hosts in McKinney should familiarize themselves with these changes to ensure compliance and avoid potential penalties.
Key Insights
- •McKinney has updated its hotel occupancy tax ordinance, indicating a shift in how STRs are taxed locally.
Action Items
- ✓Hosts in McKinney should review the updated hotel occupancy tax ordinance to understand how it applies to their rentals and how to comply.Effort: lowImpact: medium
Common Mistakes
- ⚠Failure to comply with the updated tax ordinance could lead to penalties, so it's critical to understand the new requirements.
More from Regulations & Compliance
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A 21-unit vacation rental in Dunedin, Florida, has been approved, signaling potential growth in the local short-term rental market. This approval could lead to increased accommodation options for tourists visiting the area. This news could also influence local regulations.
St. Louis aldermen have approved a short-term rental fee, though a legal battle over existing rules continues. This indicates a focus on regulating the STR market within the city. Hosts in St. Louis should be aware of these new fees, which may impact their profitability. Find out how this affects your STR business.
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