California lawmakers want to regulate home-sharing businesses like Airbnb

Right now, McGuire said, the hosts who rent out rooms are supposed to register with their local governments and pay the transient occupancy tax. But many do not, says a fact sheet about his bill, creating “a severe under-registration of hosts and underpayment” of taxes. The bill also would uphold local bans on short-term vacation rentals by prohibiting online home-sharing companies from arranging agreements that violate a local ordinance. Read full article. 

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