Airbnb Begins Collecting and Remitting Taxes in Mississippi Generating Millions in Revenue for the State

Mississippi Joins List of States to Embrace Home Sharing and Innovation

From:  News Release   10/4/17   GCN

 

JACKSON, MISS. - Starting this month, Airbnb, the largest world’s largest community-driven hospitality company, began collecting and remitting state-administered occupancy taxes -- commonly known as ‘hotel taxes’ -- on behalf of its hosts and guests. Mississippi joins more than 300 municipalities globally -- including a number of nearby states, Alabama, North Carolina, South Carolina and Florida -- where the platform is voluntarily collecting and remitting occupancy taxes.

 

Under the agreement, which went into effect on October 1, Airbnb will collect and remit the 7 percent state hotel occupancy tax on all eligible bookings in Mississippi, along with various local tourism and economic development taxes administered by the state. Guests will be charged the appropriate taxes during their transaction on the Airbnb platform and Airbnb will then remit to the state the taxes collected.

 

“With 1,200 Airbnb hosts across the state of Mississippi, we look forward to the important economic benefits this new agreement will bring to local resources, communities and families,” said Will Burns, Public Policy Director for Airbnb in Mississippi. “Being able to collect and remit taxes on behalf of our hosts and guests will help Airbnb’s community pay their fair share, is a win-win for Mississippi’s growing popularity, and will create an additional stream of revenue from the state’s tourism industry.”

 

Airbnb has partnered with over 300 governments throughout the world to collect and remit taxes. Home sharing democratizes revenue by providing an increasingly valuable source of new funds for governments. By collecting and remitting hotel and similar taxes, Airbnb ensures a streamlined process for our host community and lightens the administrative burden for state and local governments. Below are some key facts about the Airbnb community in Mississippi.

 

Airbnb in Mississippi:

 

·  1,200 total active hosts collectively earned $3.5 million in 2016.

·  25,000 guest arrivals in 2016 (132% YoY growth).

·  A typical host in Mississippi earns $3,200 annually from sharing their home 13 nights per year.

 

About Airbnb

Founded in August 2008 and based in San Francisco, Airbnb is a trusted community marketplace for people to list, discover, and book unique accommodations around the world —online or from a mobile phone or tablet. Whether an apartment for a night, a castle for a week, or a villa for a month, Airbnb connects people to unique travel experiences, at any price point, in more than 65,000 cities and 191 countries. And with world-class customer service and a growing community of users, Airbnb is the easiest way for people to monetize their extra space and showcase it to an audience of millions.