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McGuire Looks to Create Statewide TOT Tax Collection System for Short-term Rentals


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 ....

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California State Senator Andreas Borgeas Property Tax Bill Allows Wildfire and Disaster Victims More Time to Rebuild


California State Senator Andreas Borgeas Property Tax Bill Allows Wildfire and Disaster Victims More Time to Rebuild
Published: Friday, 12 March 2021 05:52
March 12, 2021 - SACRAMENTO – Senate Bill 303, introduced by Senator Andreas Borgeas (R-Fresno), was approved by the Senate Governance and Finance
Committee on a 5-0 vote on Thursday. Senate Bill 303 would give disaster victims a lifeline by extending the base year value transfer deadline by an additional two years.
Under SB 303, Californians would have more time to transfer the property tax base year value of their home, if it was damaged or destroyed during a Governor-declared disaster, to a comparable property located within the same county, provided it is acquired or newly constructed within seven years after the disaster. Current law only allows five years. ....

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