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
Watch Out For
- ⚠Failing to comply with new tax laws could lead to penalties, fines, or even the inability to operate your STR legally.
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