Airbnb’s Iowa tax collections exceed expectations
BPC Staff Nov 29, 2018 | 9:36 pm
<1 min read time
102 wordsAll Latest News, Government Policy and Law, Statewide NewsCorridor Business Journal: Airbnb announced today that it delivered $900,000 in home sharing tax revenue on behalf of its Iowa hosts in the first year of its tax agreement with the state, exceeding initial projections. In October 2017, Airbnb announced a tax agreement with the Iowa Department of Revenue. That agreement took effect Nov. 1, 2017, infusing a new revenue stream for the state and localities to capitalize on more people visiting Iowa who are staying longer through home sharing. The $900,000 in total taxes breaks down to $420,000 in state taxes as well as $480,000 in combined county and city taxes.
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