Real-Estate

vacant property

Landbank Authority completes record-breaking year of LouisvilleKY vacant property sales

Louisville, KY., – Mayor Greg Fischer joined Metro employees and the Landbank Authority to celebrate the conclusion of a record-breaking year of efforts to return vacant properties in Louisville to productive use. In the 2017-18 fiscal year, which ended June 30, the Louisville Metro Vacant & Public Property Administration (VPPA) closed on the sale of 125 vacant properties in FY18—a 330% increase from the previous fiscal year. In the 2016-17 fiscal year, 29 sales were made. Metro officials attribute the increase in sales to new sales programs—Last Look, Cut It Keep It and Flex Rate policy—that were debuted in October 2017….

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Airbnb Delivers $700,000 to Kentucky in First 6 Months of Tax Agreement

FRANKFORT, KY – Airbnb, the world’s leading community driven hospitality company, announced that it collected and remitted over $700,000 in revenue to the Commonwealth of Kentucky in the first six months of its historic tax agreement. In September 2017, Airbnb and the Kentucky Department of Revenue announced a tax agreement authorizing the company to collect and remit the state sales tax (6%) and the state transient room tax (1%) on behalf of its Kentucky hosts. That agreement took effect on October 1, 2017. The September announcement noted that based on the state sales tax alone, if Airbnb bookings to Kentucky were to replicate that of the previous 12 months,…