State reaches tax agreement with Airbnb | Arkansas Blog

Tuesday, January 31, 2017

State reaches tax agreement with Airbnb

Posted By on Tue, Jan 31, 2017 at 6:04 AM

KARK reports that Airbnb, the online site facilitating short-term vacation rentals of residential properties, reached a tax agreement with the state of Arkansas yesterday.

Beginning next month, Airbnb will collect taxes on behalf of hosts and guests and remit them to the state. Compliance with tax law (and complaints about competition from current stakeholders such as hotels) has been an ongoing controversy for Airbnb in other states and municipalities across the country.

In certain prime tourist destinations, local residents have also complained that property owners are using non-owner-occupied residences essentially as Airbnb hotels — renting out entire homes for short-term vacations year round — rather than rental properties, driving up rental costs and damaging local communities. Probably a long way from that being an issue in Arkansas.

According to KARK, Airbnb says that Arkansas hosts in total earned $4 million in 2016 renting out their homes, with 34,000 guest arrivals using Airbnb over the course of the year.

Tags: ,

From the ArkTimes store

Favorite

Comments

Subscribe to this thread:

Add a comment

More by David Ramsey

Readers also liked…

  • More on how highways were used to wipe out "blight" of non-white neighborhoods

    Vox, a news website that concerns itself with energy and other issues, has a fine piece, including before and after images, on the history of the U.S. interstate system and why roads were built through the middle of cities (unless people of influence stopped them — see Manhattan, San Francisco and Washington, D.C.)
    • Mar 22, 2016
  • Your daily dose of Jason Rapert

    Sen. Jason Rapert really, really didn't like it when a KATV reporter asked him about the hypocrisy of his political arguments.
    • Feb 4, 2017
  • Judge anticipates punishment of lawyers in Fort Smith class action case

    Federal Judge P.K. Holmes of Fort Smith issued a 32-page ruling yesterday indicating he contemplates punishment of 16 lawyers who moved a class action lawsuit against an insurance company out of his court to a state court in Polk County after a settlement had been worked out.
    • Apr 15, 2016

Most Shared

Most Viewed

Most Recent Comments

Blogroll

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation