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Visitors Bureau reports new 3% bed tax effective April 1 and SR58 building debt payment
Summary
Director Garry Gibbs said a 3% bed tax took effect April 1, 2026 (revenues pending), the SR58 building debt received an allocation payment and is expected to be paid off before year-end, and 324 Airbnb units have been notified about remitting taxes.
At the May 28 meeting, Visitors Bureau Director Garry Gibbs told board members an additional 3% bed tax took effect April 1, 2026; he said revenues from that change will not appear for a few months. Gibbs also reported an allocation payment was made toward the debt on the SR58 building and that the bureau expects the building to be paid off before the end of 2026.
Gibbs said staff have notified 324 Airbnb/short-stay units about their tax obligations and assigned follow-up on regular payments to Communications Director Ashley Formani. The minutes do not provide projected revenue amounts or a timeline for when bed-tax receipts will be reflected in bureau accounts.
