The house finance committee is set to hear testimony this week regarding portions of the proposed state budget. The agenda includes the so-called “Taylor Swift Tax.”
It’s known that way because of the pop singer who owns a multi-million dollar vacation home in Westerly… the budget article proposes a property tax on vacation homes worth more than one million dollars.
The finance committee will also hear testimony on a proposal to expand the definition of a hotel in the state. It’s aimed at websites like Airbnb, which allow users to rent rooms in their house online. The transactions are not subject to the hotel tax.
This proposal would make facilities with as few as three rooms subject to the same taxes as standard hotels.
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