A New Tax on the Sharing Economy
Travelers could soon pay more to rent someone's apartment through Airbnb.
You are now subscribed
Your newsletter sign-up was successful
Want to add more newsletters?
Delivered daily
Kiplinger Today
Profit and prosper with the best of Kiplinger's advice on investing, taxes, retirement, personal finance and much more delivered daily. Smart money moves start here.
Sent five days a week
Kiplinger A Step Ahead
Get practical help to make better financial decisions in your everyday life, from spending to savings on top deals.
Delivered daily
Kiplinger Closing Bell
Get today's biggest financial and investing headlines delivered to your inbox every day the U.S. stock market is open.
Sent twice a week
Kiplinger Adviser Intel
Financial pros across the country share best practices and fresh tactics to preserve and grow your wealth.
Delivered weekly
Kiplinger Tax Tips
Trim your federal and state tax bills with practical tax-planning and tax-cutting strategies.
Sent twice a week
Kiplinger Retirement Tips
Your twice-a-week guide to planning and enjoying a financially secure and richly rewarding retirement
Sent bimonthly.
Kiplinger Adviser Angle
Insights for advisers, wealth managers and other financial professionals.
Sent twice a week
Kiplinger Investing Weekly
Your twice-a-week roundup of promising stocks, funds, companies and industries you should consider, ones you should avoid, and why.
Sent weekly for six weeks
Kiplinger Invest for Retirement
Your step-by-step six-part series on how to invest for retirement, from devising a successful strategy to exactly which investments to choose.
Kathleen O’Malley first used Airbnb in the summer of 2013, when she traveled through Washington State and British Columbia with her fiancé. After that, “we were hooked,” says O’Malley of Portland, Ore. The couple used Airbnb to book a cottage in Sonoma for their honeymoon in September.
Airbnb connects budget-minded travelers with homeowners who have a room, apartment or house to rent. Soon, guests could pay more to sleep on someone’s fold-out couch. In July, Airbnb began collecting 11.5% in city and county lodging taxes for bookings in Portland. Airbnb plans to expand the program to San Francisco, which charges a 14% hotel tax. From there, “we’ll take the lessons we’ve learned and move forward,” says Airbnb spokesman Nick Papas.
The move is an attempt to forestall regulation that threatens to slow the company’s growth. Other enterprises in the “sharing economy” are similarly pursuing agreements with state and local governments amid concerns about unfair advantages over more-traditional businesses. For instance, Colorado recently enacted legislation that authorizes ride-sharing services, such as Lyft and Uber, to operate in the state, provided drivers undergo background checks and obtain insurance.
From just $107.88 $24.99 for Kiplinger Personal Finance
Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues
Sign up for Kiplinger’s Free Newsletters
Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.
Profit and prosper with the best of expert advice - straight to your e-mail.
O’Malley, founder of FrugalPortland.com, says occupancy taxes won’t deter her from using Airbnb. It’s still cheaper than a hotel, she says.
-
How Much It Costs to Host a Super Bowl Party in 2026Hosting a Super Bowl party in 2026 could cost you. Here's a breakdown of food, drink and entertainment costs — plus ways to save.
-
3 Reasons to Use a 5-Year CD As You Approach RetirementA five-year CD can help you reach other milestones as you approach retirement.
-
Your Adult Kids Are Doing Fine. Is It Time To Spend Some of Their Inheritance?If your kids are successful, do they need an inheritance? Ask yourself these four questions before passing down another dollar.
-
Why It's Worth Booking a Winter VacationTravel Smart In the early months of the year, travel demand dips — and so do prices.
-
5 Ways to Save on a Trip to the 2026 Olympics in ItalyA guide to going to the Milan-Cortina 2026 Winter Olympics without breaking the bank.
-
The Best (and Worst) Airlines for Flight Delays and CancellationsWhich airlines should you book and which should you avoid if you want to make it to your destination on time?
-
Four Luxury Spa Resorts for Well-Heeled TravelersWe hand-picked these U.S. luxury spa resorts for their serenity, amenities and dedication to the comfort of older travelers.
-
Child-Free Cruises Perfect For Your Retirement CelebrationHow to find a bespoke ocean or river vacation for adults. Many of these options are smaller, charming river cruises, expeditions, or niche experiences.
-
Noctourism: The New Travel Trend For Your Next Trip"Noctourism" is a new trend of building travel and vacations around events and plans that take place at night. Take a look at some inspiring noctourism ideas.
-
My Husband and I Retired at 67 With $3.2 Million, But He's Frugal About Travel. How Can I Convince Him to Loosen Up?We asked financial planning experts for advice.
-
Cruise Lines Sue to Block Hawaii’s New Climate Tourism TaxState Tax Your vacation to the Aloha State could come at a higher price tag next year. Here’s why.
