How Should Vacation Rentals Be Taxed? Missouri Lawmakers Hear From Stakeholders

The explosive growth and expansion of transient guest nightly rentals at the Lake has been good for homeowners and vacationers. Some families are opting to rent a home on the lake, where they can enjoy a kitchen and multiple living and recreational areas, rather than a hotel room. At the same time, nightly rental property owners are able to earn money and the Lake economy benefits as increased choices mean more visitors.   However, legislators are grappling with the challenges these “homestay” rentals have brought to traditional taxing and regulatory methods.   Read the article…………….

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