New Legislation Would Allow Communities To Impose Extra Tax On Hotels, Short-Term Rentals For Infrastructure And Essential Services - The Ticker
Summary
New legislation may allow local communities to impose additional taxes on hotels and short-term rentals to fund infrastructure and essential services. Hosts should be aware of this potential tax increase and stay informed about local regulations in their areas.
Key Insights
- •New legislation would permit communities to levy extra taxes on hotels and STRs.
Action Items
- ✓Monitor local news and government websites for announcements of potential new taxes or regulations in your area.Effort: lowImpact: medium
Common Mistakes
- ⚠Failing to comply with new tax laws could lead to penalties, fines, or even the inability to operate your STR legally.
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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