Title
A Resolution authorizing the Mayor, on behalf of the Urban County Government, to execute a Voluntary Collection Agreement with Airbnb, Inc., for collection and remittance of local transient room taxes on behalf of hosts, at no cost to the Urban County Government. [Div. of Revenue, Cook]
Summary
Authorization to execute a voluntary Agreement between Airbnb and the LFUCG to facilitate the reporting, collection and remittance of applicable transient room taxes on behalf of Hosts that book short term rentals through the Airbnb Platform in Lexington, Kentucky at no cost to LFUCG. (L1319-17) (Cook/O’Mara)
Budgetary Implications: NO
Advance Document Review:
Law: Yes, Completed by David Barberie, 11/20/2017
Risk Management: N/A
Fully Budgeted: N/A
Account Number: N/A
This Fiscal Year Impact: $0
Annual Impact: $0
Project:
Activity:
Budget Reference:
Current Balance:
Body
BE IT RESOLVED BY THE COUNCIL OF THE LEXINGTON-FAYETTE URBAN COUNTY GOVERNMENT:
Section 1 - That the Mayor, on behalf of the Lexington-Fayette Urban County Government, be and hereby is authorized to execute the Voluntary Collection Agreement, which is attached hereto and incorporated by reference, with Airbnb, Inc., for collection and remittance of local transient room taxes on behalf of hosts, at no cost to the Lexington-Fayette Urban County Government.
Section 2 - That this Resolution shall become effective on the date of its passage.
PASSED URBAN COUNTY COUNCIL:
______________________________
MAYOR
ATTEST:
________________________________
CLERK OF URBAN COUNTY COUNCIL