PIERRE, S.D. (AP) - The Department of Revenue says Airbnb will start collecting South Dakota taxes on eligible bookings in the state.
The agency said Thursday that the popular online home-sharing service will begin collecting and remitting state and municipal taxes on Sept. 1. Department of Revenue Secretary Andy Gerlach says the agreement on sales and tourism taxes is a step in the right direction in “maintaining tax fairness” as the economy continues to evolve.
Sales tax is the state’s main revenue source.
Marisa Moret, Airbnb public policy manager for South Dakota, says such agreements allow communities to benefit from home sharing’s economic impact while making it easier for hosts to comply with state tax laws.
South Dakota has more than 600 Airbnb hosts, and there have been 26,000 guest arrivals at listings in the state in the last year.
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