Independent Newsmedia
Airbnb, one of the world’s largest marketplaces for short-term rentals, has announced its community generated $53.3 million in tax revenue in the State of Arizona since the company began collecting and remitting applicable taxes in 2017.
This figure includes approximately $23.1 million remitted to the State of Arizona this year, from Jan. 1 through Oct. 31, according to a press release.
Arizona’s short-term rental law, passed in 2016, set clear, consistent standards allowing Arizonans to participate equally in home sharing and streamlined tax collection.
