Colorado committee pulls Airbnb tax law

[James Carlson]

Not sure if someone else out there has already posted this. If so, forgive the duplication.

For those Airbnb hosts in Denver and Colorado Springs (and anywhere in our great state), you might have heard about a bill being considered by an interim legislative committee that would have reclassified short-term rental properties as commercial properties for the purposes of property taxation.

Without going into the super sexy minutia of tax policy, essentially the bill would have change the percentage of your property eligible to be taxed by local mill levies from 7.2% to 29%. Uh ... kind of a big deal.

Anyway, the point of this post is inform all you CO BP STR operators -- acronym/abbreviation overload! -- that the bill was WITHDRAWN yesterday at the interim committee. 

Safe for now. Now if we could just get Colorado Springs to be a little more friendly toward Airbnb and short-term rentals. 

[Andrew Mapes]

Thanks for the Post!  We will be watching this closely.