NEW Short-Term Rental 15% Tax Bill will END Airbnb!
Summary
Jorge Contreras discusses California's proposed Senate Bill 584, which would impose a 15% tax on short-term rentals, potentially leading to a 31% total tax burden when combined with existing taxes and Airbnb fees, and could negatively impact the STR market, potentially pushing smaller operators out of business and making hotels more competitive.
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.
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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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