Airbnb has already reached tax agreements with the State of Vermont & Burlington, and has collected more than $8 million in tax revenue for the state
Vermont Business Magazine Airbnb has finalized a new tax agreement with the City of Rutland, which will allow the company to collect and remit room rental tax on behalf of hosts who have listings across the city. With this new agreement, Airbnb is now collecting and remitting taxes in Vermont statewide, as well as in Burlington and the City of Rutland.
Airbnb has been collecting and remitting hotel-type taxes in Vermont since 2016, when it began collecting and remitting to the State. In total, Airbnb has collected and remitted more than $8 million in taxes in Vermont.
“Airbnb is an economic mobilizer for everyone, from families sharing their home to make ends meet, to the small businesses benefitting from more guests shopping and eating locally -- and now to the City of Rutland, which will join hundreds of local governments worldwide in receiving a new source of tax revenue from home sharing,” said Josh Meltzer, head of Northeast Public Policy for Airbnb. “We hope this latest agreement will also serve as yet another clear example of the economic potential of home sharing in Vermont.”
“The City is looking forward to the additional revenue that will be generated by this agreement and appreciative of the collection role that Airbnb has offered to take on,” said David Allaire, mayor of the City of Rutland. “The City also anticipates gaining valuable insight into the prevalence of home sharing in Rutland.”
This agreement comes as the tourism industry across Vermont continues to grow. In 2018, the Vermont host community earned a combined $48.5 million in supplemental income while welcoming approximately 341,300 guest arrivals to the state.
In addition, during the 2018-19 ski season, the City of Rutland was the most popular destination in the entire state. There are 1,000 Airbnb listings in the City of Rutland, which welcomed 48,300 Airbnb guests over the past year.
Effective as of July 1, Airbnb is collecting and remitting the hotel room rental tax on taxable Airbnb stays in Rutland. By doing so, Airbnb is making the process seamless for hosts while providing a valuable source of revenue to the city.
Airbnb has partnered with over 400 tax jurisdictions globally, generating more than $1 billion to support core public services.
Founded in 2008, Airbnb’s mission is to create a world where people can belong through healthy travel that is local, authentic, diverse, inclusive and sustainable. Airbnb uniquely leverages technology to economically empower millions of people around the world to unlock and monetize their spaces, passions and talents to become hospitality entrepreneurs. Airbnb’s accommodation marketplace provides access to 5+ million unique places to stay in more than 81,000 cities and 191 countries. With Experiences, Airbnb offers unprecedented access to local communities and interests through 15,000 unique, handcrafted activities run by hosts across 1,000+ cities around the world. Airbnb's people-to-people platform benefits all its stakeholders, including hosts, guests, employees and the communities in which it operates.
Source: Airbnb 7.8.2019