Short Term Rental Tax Information
On December 28, 2018, Governor Baker signed into law a bill regulating and taxing short-term rentals of homes and condos. A short-term rental is defined as a rental period of 31 days or less. Annual and long-term (32 days or more) are excluded from this tax. We are currently working on updating the language and charges in our leases and on our website in order to be in compliance with this new law. However, many aspects are still undetermined and may change in the next six months. In order to help you understand this new law and to help you comply with the new regulations we have compiled a list of questions about the new regulations and taxes on a page dedicated to this.
For more in depth information please visit our page: Massachusetts Short Term Rental Tax Information
If you would like to read the new bill in its entirety, Session Law – Acts of 2018 Chapter 337.
We will continue to update you as we learn more and receive guidance from the Towns, Commonwealth, and Department of Revenue, but in the meantime please feel free to contact us with any questions.
Sincerely,
The Hopper Real Estate / Outer Cape Team