AirBnB Taxes Could Go Up

STAYING AT AN AIRBNB IN NEW MEXICO COULD GET MORE EXPENSIVE. IT’S BECAUSE OF A PROPOSAL THAT WOULD TAKE CERTAIN SHORT TERM RENTALS OFF THE EXEMPTIONS LIST AND REQUIRE THAT THEY CHARGE MORE IN TAXES. RIGHT NOW, YOU DON’T HAVE TO PAY TAXES AND OTHER FEES TO STAY IN AN AIRBNB. BUT ABQ AIRBNB’S ARE PAYING SOME OF THE TAXES VOLUNTARILY, BUT NOT ALL OF THEM.

SOME OF THE RENTALS ARE SAID TO HAVE MULTIPLE TENANTS … OR THE PROPERTY OWNER HAS A MORE THAN ONE HOUSE BEING RENTED AND ACTING AS AN ILLEGAL HOTEL. THE PROPOSAL, SENATE BILL 106 WAS APPROVED BY THE SENATE AND GOES TO HOUSE COMMITTEE ON WEDNESDAY.

Filed Under: 1