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Airbnb pooled in $15.3 million in tax revenue to Texas

7 monthes ago   |   By Travel and Tourworld

Airbnb paid more than an overwhelming $15.3 million in terms of home sharing and short-term rental taxes in the first year of its tax agreement with the state of Texas as specified by the home-sharing company on Wednesday.
On 1 st May, 2017, the home sharing platform started collecting the 6 percent state hotel occupancy tax automatically on behalf of its host community and remitted the revenue directly to the state.
Airbnb mentioned that it initially expected to remit approximately $8 million to the state when it first announced this agreement with the Texas Comptroller's Office.
The...
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