Posted By Kimberly Wear@kimberly wear on Mon, Apr 5, 2021 at 4:23 PM North Coast state Sen. Mike McGure has introduced a bill that looks to create a statewide system for collecting taxes from short-term rentals to aid cities and counties in accessing untapped revenue, according to a release from his office.
Senate Bill 555 would require short-term rental services like Airbnb and VRBO to collect the taxes from customers as they signed up the online platform, with those monies given over to the state Department of Tax and Fee Administration for distribution to the corresponding city or county. “Hundreds of cities and counties don’t collect bed taxes from short-term vacation rentals and this is a simple statewide solution that will collect and invest in vital services that will help California cities and counties thrive,” McGuire said. “SB 555 will provide cities and counties the ability to opt-in to a statewide program