Short Term Rental Fact Sheet - Updated

Short Term Rental Fact Sheet - Updated:

All short term rental operators must register with Department of Revenue through Mass Tax Connect even if rentals do not exceed 14 day.
Mass Tax Connect is ready for registration at this time.
No tax paid if rented for 14 or few days
Tax collected on rentals after July 1, 2019
Taxes are due monthly, should be paid to DOR on or before the 20th of each month for taxes collected in the prior month.
First return and payment is due by August 20, 2019.

How much tax to collect:

2%-Special Town Meeting 10/29/19-from 4-6%-Effective January 1, 2020:

Community Impact fee 0-3% (must be adopted separately from local option rooms)
Cape Cod and Islands Water Protection Excise 2.75% (only for current members)
Short Term Rental Total for the Town of Dennis including State Excise=14.45%
No solid basis to determine the amount of local revenue that can be estimated from the short term rental excise because there is no history to rely on.
Short Term Rentals that were booked prior to January 1, 2019 for occupancy July 1, 2019 or after are not taxed.
General Fund revenue that may be appropriated by the legislative body for any municipal purpose
Short Term Rental includes apartment, house, cottage and condos.

Does not include:

Property rented out with tenancies at will
Property rented with month to month leases.
Time-shared property
Total rent subject to excise includes all amounts charged including service and cleaning charges.
If rent less than $15 per day, no tax is collected.