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Cuomo proposes Airbnb collect sales tax to boost revenue for NY
Updated Feb 08, 2021;
By Claire Bryan | Times Union, Albany
Troy, N.Y. For over six years John Penney has owned a large three-unit home which he rents to guests via three Airbnb listings. Penney and his guests have never paid a sales tax to New York State, according to Penney.
That could be changing soon, if Gov. Andrew Cuomo’s budget proposal passes, which will shift the responsibility of collecting local and state taxes to platforms like Airbnb and Vrbo. The proposal will simplify the process of collecting taxes which have previously existed, but there was no accountability for how they were getting paid.
Cuomo proposes Airbnb collect sales tax to increase revenue for New York
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Gov. Andrew M. Cuomo’s budget proposal shifts the responsibility of collecting local and state taxes to platforms like Airbnb and Vrbo. The proposal will simplify the process of collecting taxes which have previously existed, but there was no accountability for how they were getting paid.AP Photo/Hans Pennink, Pool, File
TROY For over six years John Penney has owned a large three-unit home which he rents to guests via three Airbnb listings. Penney and his guests have never paid a sales tax to New York State, according to Penney.