Bill hiking taxes for short-term rentals to be gutted after resistance from AirBnB, VRBO
A invoice that may have quadrupled property taxes for hundreds of short-term leases in Colorado is about to be considerably watered down subsequent week, in response to the invoice’s sponsor.
Since Sen. Chris Hansen, D-Denver, proposed the invoice within the fall, AirBnB, VRBO and different short-term rental house owners have rallied in opposition to the concept, saying it could devastate the tourism economic system that ski cities depend on.
Senate Invoice 33 proposed classifying any property used as a short-term rental for greater than 90 days per 12 months as a lodging property starting in 2026. Colorado’s property tax evaluation charge for lodging properties in 2023 was 27.9%. For residential properties, it was set at 6.765%.
If Hansen’s amendments are accepted in Tuesday’s Senate Finance Committee listening to, Senate Invoice 33 will as an alternative require solely a examine of short-term leases within the state. It will additionally forestall accommodations from changing their rooms into short-term leases to keep away from paying the state’s lodging tax, Hansen stated.
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