Airbnb Popularity In Texas Increases And So Does The Tax Revenue
Airbnb, the largest home sharing and rental site in the nation, announced this week that the service had delivered $15.3 million dollars in tax revenue to Texas since May 1, 2017.
In April of 2017, Airbnb and the Texas Comptroller's Office announce that the home sharing platform would automatically collect a 6% state hotel occupancy tax on rentals. At the time, Airbnb estimated that the tax would bring in $8 million dollars. According to Airbnb had 1.5 million guests use the service in 2017.
Airbnb can be found all over Texas, including right here in Lubbock.