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AIRBNB WILL COLLECT MILLIONS AS TAXES
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Under a newly announced deal with Los Angeles city officials, Airbnb will soon start collecting lodging taxes from rental hosts, providing millions of dollars in revenue to the city annually.
Angelenos who rent out rooms or whole homes for short stays are already supposed to pay the same kind of lodging taxes as hotels, but L.A. tax officials have struggled to track down hosts and make sure they pay.
Now Airbnb, one of many websites that help people rent out their homes to travelers, will facilitate that process by collecting the taxes and handing them over to the city of Los Angeles.
The deal, which was worked out with city budget and tax officials, would go into effect in August. Los Angeles had been banking on more than $5 million in tax revenue from such rentals for the budget year that began in July — money that would help pay for homeless programs.




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