- Associated Press - Tuesday, July 19, 2016

LOS ANGELES (AP) - Short-term rental firm Airbnb has agreed to collect and pay Los Angeles hotel taxes under a three-year agreement with the city.

City finance officials estimated that the deal announced Monday could bring in nearly $6 million in annual revenue, the Daily News reported (https://bit.ly/29RwQ0U ).

Starting Aug. 1, Airbnb will be responsible for paying the 14 percent tax owed nightly by hosts who rent out rooms and properties through the company.

Airbnb hosts “want to pay their fair share,” said John Choi, the company’s public policy manager for Southern California.

An email was sent to all Los Angeles Airbnb hosts informing them about the charge. It read: “For reservations booked in the City of Los Angeles on or after August 1, 2016, guests will see a charge for the occupancy tax. The tax will be listed separately and added to the total amount paid by guests on applicable stays - hosts will not have to do anything extra.”

The city is working to reach similar agreements with other companies that provide short-term rental and home-sharing listing and booking services, the newspaper said.

The agreement comes as the Los Angeles City Council considers regulating Airbnb sites. Critics charge the home-sharing company is depleting the rental market and changing the character of some neighborhoods by driving out renters and bringing in tourists.

___

Information from: (Los Angeles) Daily News, https://www.dailynews.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide