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
The Green Bay City Council is set to vote on new short-term rental rules, which will likely impact local hosts. Details about the specific regulations are not yet known, but hosts should prepare to understand and adapt to the changes. Stay informed about the upcoming vote.
This article discusses the need for housebuilding to address temporary accommodation challenges. It argues that short-term solutions are not enough and should be supported by building more houses. This highlights the ongoing debate about housing affordability and its relationship to the STR market.
Hawaii's hotel industry and the governor are seeking to eliminate 30,000 vacation rentals. This move reflects ongoing tension between traditional hotels and the rapidly expanding short-term rental market. The potential reduction could reshape Hawaii's tourism landscape and affect rental income for hosts, alongside a shift in tourism economics.
Curated by Learn STR by GoStudioM