PhysicalThing: occupancy tax

Lexeme:	occupancy tax Very Rare (0.01)
Definition:	noun. Occupancy tax, also known as lodging tax or hotel tax, is a tax collected by local governments on the rentals of hotel rooms, vacation rentals, or other short-term accommodations. It is typically a percentage of the room rate or a fixed amount charged per night of stay. The purpose of the occupancy tax is to generate revenue for the local government, often aimed at funding tourism promotion, local infrastructure improvements, or other related expenditures. The tax is usually paid by the guests and collected by the accommodation providers who then remit the tax to the appropriate tax authority. GPT3.5 Word Forms: noun. occupancy tax (singular), occupancy taxes (plural)
Synonyms:	(none)
Abstraction:	(hypernym) event (hypernym) physical thing (hypernym) tax
Composition:	(none)
Properties:	(none)
Basic Categories:	information
Related Concepts:	(none)
Policy Examples:	For any jurisdiction in which we facilitate the Collection and Remittance of Taxes or Opt-in for Host Remittance of Taxes as described in the 'Taxes' section of the Terms of Service, Hosts and Guests expressly grant us permission, without further notice, to store, transfer and disclose data and other information relating to them or to their transactions, bookings, Accommodations and Occupancy Taxes, including, but not limited to, personally identifiable information such as Host or Guest's name, listing addresses, transaction dates and amounts, tax identification number(s), the amount of taxes received by Hosts from Guests, or allegedly due, contact information and similar information, to the relevant Tax Authority. #airbnb
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