With the fate of an Airbnb taxation bill still in limbo, new data from the online home and apartment rental website reveals that Massachusetts may have left at least $2.28 million in tax revenue on the table this summer season from rentals just on the Cape and Islands.
With the future of a short-term rental regulation and taxation bill now uncertain, Airbnb on Wednesday released new data it said shows how the home-sharing platform can help teachers bring in extra income.
Gov. Charlie Baker returned the Legislature’s bill to tax and regulate short-term rentals on Wednesday, waiting until the day after the House and Senate adjourned formal sessions for the year to propose an amendment that would exempt homeowners that rent out their units for fewer than 14 days a year.
Gov. Charlie Baker is considering returning the bill sent to him Monday by the Legislature taxing and regulating short-term housing rentals with an amendment to exempt from taxation owners that rent out their homes or apartments for less than two weeks a year, according sources familiar with ongoing talks.
Short-term housing units rented through websites like Airbnb could be taxed at almost 17.5 percent in cities like Boston and Massachusetts would become the first state in the country to maintain a central registry under compromise legislation agreed to Sunday night by House and Senate negotiators.
Conference committees negotiating on short-term rental regulation and consumer data protection bills are close to producing agreements, according to a senator serving on both panels.
The Massachusetts Senate voted 31-6 to extend the state’s lodging tax to short-term rentals offered through platforms like Airbnb, in a move senators said would generate $34.5 million in new state revenue and $25.5 million from municipal taxes.
Trying to bring state law in line with the new ways in which people rent short-term lodging, the Massachusetts House on Thursday passed legislation to regulate and tax the short-term rental industry.
Concerns about displacement, rising housing costs and an influx of transient residents are not out of the ordinary for Boston’s Chinatown, given the recent construction of luxury high-rises and boutique hotels.
The list of projects Massachusetts leaders would spend money on if they had it are endless, and yet available resources are finite, as officials have noted during recent rounds of budget tightening efforts. But what if there was $18.3 million in untapped revenues waiting to be accessed?
Time was when renting an apartment in one of this college town’s funky triple-deckers or two-family homes wouldn’t cost an arm and a leg.
In the absence of a state strategy to regulate short-term housing rentals, the Cambridge City Council voted Monday night to require hosts to live in the same or an adjacent building as part of a new set of rules designed to protect the city’s scarce affordable housing market.
As lawmakers decide how to regulate the growing short-term rental marketplace, affordable housing advocates lamented a loss of units for traditional tenants and asked officials to develop a system that gives local officials oversight of their communities’ housing stock.
The gig economy, brought to you by Laissez-faire bnb.
Hotel operators began 2016 with the understanding that the city’s group booking pace was off following a strong 2015 and that the market would experience its largest increase to rooms supply since 2003.
Airbnb and online hospitality services have changed the game for the hospitality industry, there’s no denying that fact. However, with new competition comes new strategy for the hotels themselves.
The Senate on Wednesday stuck with its plan to levy a tax on all short-term room rentals, such as those offered through the Airbnb online portal, an initiative the chamber’s chief budget-writer believes would raise $18 million in new revenue.