Have a backyard Airbnb? Proposed rules say Montana’s upcoming second-home tax will hit it - Montana Free Press
Summary
Proposed rules in Montana indicate that the upcoming second-home tax will apply to backyard Airbnbs. Hosts with properties in Montana should stay informed about the new regulations to understand their tax obligations.
Key Insights
- •Proposed rules state that Montana's second-home tax will affect backyard Airbnbs.
Action Items
- ✓Hosts with backyard Airbnbs in Montana should review the details of the proposed second-home tax and understand how it applies to their property.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with the new second-home tax regulations could result in penalties.
More from Regulations & Compliance
Carson City, Nevada, is refining its short-term rental regulations. City supervisors are currently reviewing and modifying the local ordinance during a retreat. This review aims to address operational aspects, potentially impacting local hosts through new or revised rules, emphasizing compliance.
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.
Curated by Learn STR by GoStudioM