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Council bill would raise taxes on residential vacation homes

By Gordon Y.K. Pang

POSTED: 01:30 a.m. HST, Mar 12, 2014

~~<p>Honolulu City Council members are looking into whether transient vacation units and bed-and-breakfast homes should be taxed at higher rates. Also, they appear ready to tackle related issues such as allowing for more legal short-term residential vacation rentals while cracking down on illegal ones.</p>
<p>A bill scheduled for its first vote Wednesday would create new property tax classifications for both types of short-term residential vacation rentals, which currently are taxed in the residential category like other single-family homeowners in their neighborhoods.</p>
~~

Honolulu City Council members are looking into whether transient vacation units and bed-and-breakfast homes should be taxed at higher rates. Also, they appear ready to tackle related issues such as allowing for more legal short-term residential vacation rentals while cracking down on illegal ones.

A bill scheduled for its first vote Wednesday would create new property tax classifications for both types of short-term residential vacation rentals, which currently are taxed in the residential category like other single-family homeowners in their neighborhoods. Login for more...



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