What are your Opinions on Virginia's New Tax Collection?

[Yna P.]

Hi fellow pocketeers,

I'm writing about Virginia's recent tax & remittance law and would like to learn about your thoughts: https://news.airbnb.com/suppor...

Will this affect tourists' preferences due to the taxes? Thanks!

[Chase Hoover]

Love it! Those of us who have been playing by the rules and supporting our local municipalities benefit with less paperwork each month. Those who have been skirting by and not paying their taxes will now have to pay their fair share whether they like it or not, providing more tax revenue for marketing efforts to further drive tourism. Here in the Shenandoah Valley, most jurisdictions are very STR-friendly as tourism is a key driver of our economy, and this agreement with the Commonwealth of Virginia has now solidified that even further.