10-20-2015, 08:28 AM
http://www.westhawaiitoday.com/news/loca...on-rentals
The problems are exacerbated because many property owners are hooking up with big vacation-rental networks that aren’t following state law or collecting taxes. Not collecting transient accommodations tax and the general excise tax allows the properties to be rented for less than properties where the owners are complying with the law, said Kona Realtor Gretchen Osgood.
"They’re not paying their fair share of the taxes," Osgood said, "and the rest of us are carrying them."
Doesn't this already happen with property taxation? Shipman get a cheap rate, but (theoretically) makes up for it elsewhere in the economy. Shouldn't the same principle apply here, getting "some" tourist dollars instead of "none"?
The problems are exacerbated because many property owners are hooking up with big vacation-rental networks that aren’t following state law or collecting taxes. Not collecting transient accommodations tax and the general excise tax allows the properties to be rented for less than properties where the owners are complying with the law, said Kona Realtor Gretchen Osgood.
"They’re not paying their fair share of the taxes," Osgood said, "and the rest of us are carrying them."
Doesn't this already happen with property taxation? Shipman get a cheap rate, but (theoretically) makes up for it elsewhere in the economy. Shouldn't the same principle apply here, getting "some" tourist dollars instead of "none"?