CNET is reporting that a new law in Arizona effectively makes the state extremely friendly to short-term rental sites such as Airbnb. The new law, which preempts local ordinances, removes any limits to the number of properties that can be rented out as well as any restrictions on the number of days they can be rented. However, according to the new law, Airbnb must collect local taxes for each rental based on an agreement reached last month between Airbnb and the Arizona Department of Revenue.
“For thousands of hard-working Arizonans, opening their home to out-of-state guests provides the financial breathing room they need to provide for their family….Anyone can be an entrepreneur in the home sharing business. This is a win-win for Arizona, its citizens and everyone who wants to come explore the Grand Canyon State.” Said Governor Doug Ducey, as reported by CNET.
