The reality is that an Indiana law set to take effect July 1 defines the hosts of Airbnbs and other short-term rentals as merchants who must produce a statement that denotes any taxes, such as a 7 percent tax that hotels and bed-and-breakfasts pay. But that law doesn't spell out who should collect and remit those taxes.
A new bill before state lawmakers, however, would clarify that the responsibility falls to the hosts but would also allow Airbnb and other short-term rental platforms to collect and remit taxes electronically, eliminating a potential headache for hosts.
Keep your eyes on Indiana, folx. Things are about to be easier in this state where regulations are light and home owners rights are protected. If you are interested in a property in Indiana, or anywhere else, click on the HIRE US button to see the potential revenue you could be making with short term rental.