Airbnb nearing deal with Portland over short-term rentals

Airbnb nearing deal with Portland over short-term rentals

The agreement would require the online vacation-rental service to collect an 11.5% tax on rentals in the city.

In a blog post, Airbnb said the arrangement could be a precedent for cities across the country that are wrestling with how to regulate short-term rentals and other “sharing economy” services.

“We’re offering to cut red tape and to collect and remit taxes to the city of Portland on behalf of our hosts,” it wrote. “This is new for us, and if it works well for our community and cities, we may replicate this project in other U.S. cities.”

Read more at OregonLive.com