02-27-2018, 05:42 AM
Before adding any additional regulations to existing vacation rentals, the State and County should first make sure they can enforce the regulations already in place. According to the article, 6000 out of 8647 (70%) listed Big Island vacation rentals are NOT registered with the state. I don't know what the average annual GET/TAT/income taxes are for a vacation rental but, if we estimate $just 5000/yr, that is $30 million dollars in tax revenue PER YEAR that is not being collected! And that is just on the Big Island. That could pay for a lot of school air conditioners, affordable housing measures, road projects, etc.