Transient occupancy tax audit public meetings set for Aug. 20 in Tahoe City
August 02, 2018
Lodging operators in eastern Placer County are invited to two public meetings this month to learn more about the county’s annual audit of its transient occupancy tax program later this year.
The meetings will be held Aug. 20 from 1:30-3 p.m. and 5:30-7 p.m. at the Placer County Community Development Resource Agency’s Lake Tahoe office, located at 775 North Lake Boulevard in Tahoe City.
Placer’s Revenue Services Division staff, along with representatives from the accounting firm of Davis Farr, who will be conducting the audits, will be on hand to meet with lodging operators and answer questions about the audit process and administration of the TOT program. The Revenue Services Division administers the county’s TOT program.
Each year a number of properties are selected for audit to ensure consistent compliance with all aspects of the county’s TOT ordinance.
Transient occupancy tax is a rental tax paid by guests for short-term rentals up to 30 days. Because Placer County draws visitors from around the world, it is essential to balance the costs and benefits of tourism and help preserve our communities and quality of life.
In the past fiscal year, approximately $17.8 million was remitted to the county from short-term lodging in eastern Placer County. Revenues from TOT are used to fund visitor-serving projects and services that benefit both tourists and residents.
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