D.C. Government Relaxes Some Tax Laws for Inauguration Rentals
The D.C. Office of Tax and Revenue will suspend its sales tax on property rentals to transients for residents who want to rent their apartments or homes to out-of-towners for the inauguration.
The city usually assesses a 14.5 percent tax when a person rents property for fewer than 90 days, but the tax office said the fee will not apply to one-time rentals for the inaugural.
For questions, call the tax office's customer service center at (202) 727-4TAX (4829).
By
David A Nakamura
|
November 19, 2008; 12:00 PM ET
| Category:
Housing
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Posted by: humidor8 | November 19, 2008 1:23 PM | Report abuse
Probably not subject to federal (and maybe city) income tax under section 280A(g) of the tax code -- why is the DC tax office handing out erroneous tax advice?
Posted by: ebrobston | November 19, 2008 1:38 PM | Report abuse
Forget the prior post -- the article has been changed to omit the part about income taxes.
Posted by: ebrobston | November 19, 2008 1:40 PM | Report abuse
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any estimate on how much money the dc gov't is losing with this move? and is it because they're performing a noble tip of the hat to the incoming administration or because they don't have the manning to process or enforce this part of the tax law? thanks.