Over two years ago, Airbnb committed to local policymakers throughout the U.S. that we were serious about facilitating new and innovative ways to allow our host community to pay their fair share in taxes. Over 350 tax agreements later, tens of millions of occupancy and sales tax revenue have been delivered to local governments, helping to fund critical social services as well as tourism marketing operations.
Today, we’re proud to announce a major tax agreement that will encompass the entire state of Tennessee. Thanks to a new agreement with the Tennessee Department of Revenue, beginning March 1 Airbnb will collect and remit state and local sales taxes on behalf of all 7,700 hosts throughout the state. This new revenue will benefit state and local government alike, as the local sales taxes get delivered back to municipalities — from Nashville to Chattanooga to the Tri-Cities, and everywhere in between.
Importantly, it’s one less thing for our incredible Tennessee host community to have to worry about. You shouldn’t have to be a CPA to figure out your home sharing taxes, which is why Airbnb is so committed to pursuing these tax agreements wherever we can, making the process seamless and easy for our hosts. To that end, we’re now working with several municipalities in Tennessee — such as Knoxville and Chattanooga — on tax agreements that will allow Airbnb to collect and remit those cities’ respective occupancy taxes.
We have also volunteered to Nashville our hope to collaborate on a tax agreement to collect and remit the Nashville Short-Term Occupancy Tax on behalf of our Music City host community.
Read more on the groundbreaking tax agreement with Tennessee.