Vail voters have rejected a plan by local leaders to tax the town’s 2,600 short-term rental properties to pay for attainable housing.
It was a very close vote. On Nov. 17, Eagle County finished counting and curing ballots and the lodging tax measure was defeated by 35 votes, with 916 “no” votes versus 881 “yes” votes. Early results for Ballot Issue 2A on Nov. 4 showed a slightly larger number of voters rejecting a 6% excise tax on rental income from short-term rentals to help pay for workforce housing.
The new tax would have raised the town’s lodging tax for short-term rental properties — not hotels — to 16.8%, up from 10.8%.
Town staff estimated the new tax would generate about $7.2 million a year to fund housing in and around town. The measure was supported by the town council and housing advocates and opposed by managers of condotels — condominium complexes with privately owned short-term rentals in a building that operates like a hotel — who argued they were being unfairly singled out by the proposal because traditional hotels were not subject to the tax.
Hence then, the article about vail voters reject plan to tax short term rentals to support housing was published today ( ) and is available on Colorado Sun ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Vail voters reject plan to tax short-term rentals to support housing )
Also on site :
- Denver Fire Department responds to 3-alarm fire at intersection of Leetsdale Drive and S. Forest Street
- Trial to begin for police officer charged in delayed response to Uvalde school shooting
- Person injured in crash that shut down northbound Highway 99 in Manteca