Airbnb taxes boost income for Santa Fe
SANTA FE, N.M. – The vacation rental company Airbnb will now tax visitors who rent Santa Fe accommodations, adding money to the city’s coffers.
The Santa Fe New Mexican reports (http://bit.ly/2dJ3CpI ) that a new agreement between Airbnb and Santa Fe calls for the company to collect what’s known as a bed tax or lodgers tax. The 7 per cent tax is charged on the total cost of all rentals for 30 days or less.
Airbnb began charging for rentals Aug. 1. Santa Fe collected 60 per cent more revenue from short-term rentals this August than it did in August 2015.
In response to complaints from the hospitality industry and others, Santa Fe recently beefed up penalties for rental owners who don’t register with the land-use department, which involves tax certification as well as fire and safety inspections.
___
Information from: The Santa Fe New Mexican, http://www.sfnewmexican.com
News from © The Associated Press, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community? Create a free account to comment on stories, ask questions, and join meaningful discussions on our new site.
Leave a Reply
You must be logged in to post a comment.