The Corpus Christi city council has voted to collect the nine percent occupancy tax (HOT) from short term rental companies, including Airbnb and HomeAway.com. These companies will add the tax to a guest’s bill, then pay the city directly.
The city estimated that it could receive an additional $720,000 annually in HOT taxes from short term rentals. That money can be put back into the city to attract more visitors.
Airbnb already collects and remits a six percent hotel occupancy tax to the state on all eligible bookings, since May 2017. In 2018, Airbnb remitted $15.3 million in tax revenue to Texas.
