Tuesday, August 21, 2012

Hawaii Ramps Up TVR Taxation Efforts

Bill SB 2089 in Hawaii is designed to enforce taxation of vacation rentals by required owners who manage their own short term rental homes and live off the island to hire property management firms.

The state says that collecting these taxes is imperative in order to cover the costs association with supporting tourism in the state.  

The proposed law faces heavy opposition from TVR owners that already pay their taxes, and who believe that the state should not force them to take on the expenses of a professional property management firm when they are already in compliance with area tax laws.

Hawaiian legislators have proposed amendments that would allow excepts for homeowners who are in compliance, but no agreement has been reached so far and opposition continues.

Read more...

Doug Coates

No comments:

Post a Comment

Thoughtful comments are welcome, whether you are in favor of vacation rentals or concerned about the impacts of VRs on your community. Comments that contain advertising, including ads for properties, will be deleted.