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.
Related Videos
More from Regulations & Compliance
Missouri lawmakers are working to create legislation that will protect short-term rental owners ahead of the upcoming World Cup. This legislation aims to address potential issues and provide support for STR owners during the event. Details about the specific protections and their significance are still emerging, but the effort highlights the growing importance of STRs in major events.
Missouri lawmakers are advocating for protections for short-term rentals, signaling a potential shift in the regulatory landscape. The push suggests growing recognition of the economic impact of STRs within the state and aims to create a more favorable environment for hosts. Stay informed about these potential legislative changes and their effects on your business.
The Ocean City Council has reversed its short-term rental moratorium, signaling a potential shift in local regulations. This change may open up opportunities for new and existing hosts in the area. Hosts should stay informed on local ordinances to ensure continued compliance.
Curated by Learn STR by GoStudioM