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Does Taxing Airbnb Actually Help the Affordable Housing Crisis?
Governing: As Airbnb and other short-term rental companies have increased their presence in cities, so too has the struggle to provide affordable rental housing.
Massachusetts, however, is on the verge of becoming the first state to dedicate revenue generated from Airbnb and other short-term rental taxes toward affordable housing. The Bay State is considering legislation that would apply its state hotel tax to short-term rentals and require at least 35 percent of separate, local hospitality taxes on those rentals to fund investments in affordable housing or infrastructure.
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