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HomeMy WebLinkAboutAgreement - Airbnb VCA TOT & TBID - Executed 6.26.26 VOLUNTARY COLLECTION AGREEMENT FOR THE CITY OF GILROY, CALIFORNIA TRANSIENT OCCUPANCY TAX AND TOURISM BUSINESS IMPROVEMENT DISTRICT ASSESSMENT THIS VOLUNTARY COLLECTION AGREEMENT (the “ Agreement ”) is dated August 1, 2026 and is between AIRBNB, INC. , a Delaware corporation (“ Airbnb ”), and the FINANCE DEPARTMENT OF THE CITY OF GILROY, CALIFORNIA (the “ Taxing Jurisdiction ”). Each party may be referred to individually as a “ Party ” and collectively as the “ Parties .” RECITALS: WHEREAS, Airbnb represents that it provides an Internet-based platform (the “ Platform ” ) through which third parties offering accommodations and/or activities (“ Hosts ”) and third parties booking such accommodations and/or activities (“ Guests ”) may communicate, negotiate and consummate a direct booking transaction for accommodations and/or activities to which Airbnb is not a party (“ Booking Transactions ”); and WHEREAS, the Taxing Jurisdiction and Airbnb enter into this Agreement voluntarily in order to facilitate the reporting, collection and remittance of applicable transient occupancy taxes and applicable sales taxes required by law and imposed by THE CITY OF GILROY pursuant to Chapter 25A Section 25A.2 (the applicable “ Code ”), as in effect on the Effective Date (“ Taxes ”), on behalf of certain Hosts for Booking Transactions completed by such Hosts and Guests on the Platform for accommodations transactions located in THE CITY OF GILROY (the “ Taxable Booking Transactions ” ) . NOW, THEREFORE, IN CONSIDERATION OF THE MUTUAL COVENANTS, PROMISES AND AGREEMENTS CONTAINED HEREIN, THE PARTIES AGREE AS FOLLOWS: (A) Solely pursuant to the terms and conditions of this Agreement, including only for periods in which this Agreement is effective (defined below), and solely for Taxable Booking Transactions completed on the Platform by Hosts, Airbnb agrees contractually to assume the duties of a Taxes collector as described in the Code solely for the collection and remittance of Taxes on Taxable Booking Transactions on behalf of such Hosts (hereinafter referred to as a “ Collector ”). 1 Docusign Envelope ID: 2105B433-8B8F-89C6-8033-A42EA891D836 (B) Starting on August 1, 2026 (the “ Effective Date ”), Airbnb agrees to commence collecting and remitting Taxes on behalf of certain Hosts, pursuant to the terms of this Agreement on Taxable Booking Transactions. Notwithstanding Paragraph (I-1) herein, Airbnb agrees to collect Taxes at the applicable rate of 9% subject to changes pursuant to Paragraph (I-1). The parties also agree to the collection and remittance of the applicable Tourism Business Improvement District (“ TBID ”) assessment on behalf of Hosts within the Taxing Jurisdiction, in the same manner as TOT. The Taxing Jurisdiction hereby authorizes Airbnb to collect this TBID from guests, on behalf of hosts, for bookings starting on the Effective Date. Except as set forth in Paragraph (L-1) below, Airbnb shall not assume any obligation or liability to collect Taxes for any period or for any transaction prior to the Effective Date or after termination of this Agreement. (C) Airbnb agrees to register as a Collector on behalf of Hosts for the sole purpose of reporting, collection and remittance of Taxes under this Agreement, and will be the registered Collector on behalf of any affiliate or subsidiary collecting Taxes. The assumption of such duties described in Paragraph (A) above and this Paragraph (C) shall not trigger any other registration requirements to which Airbnb is not otherwise subject. REMITTANCE OF TAXES (D) Airbnb agrees reasonably to report aggregate information on the tax return form prescribed by the Taxing Jurisdiction, including an aggregate of gross receipts, exemptions and adjustments, and taxable receipts of all Taxes that are subject to the provisions of this Agreement. Airbnb shall remit all Taxes collected from Guests in accordance with this Agreement and Airbnb’s Terms of Service ( www.airbnb.com) (the “ TOS ”) in the time and manner described in the Code or as otherwise agreed to in writing. AIRBNB LIABILITY (E) Pursuant to the terms of this Agreement, Airbnb agrees contractually to assume liability for any failure to report, collect and/or remit the correct amount of Taxes, including, but not limited to, penalties and interest, lawfully and properly imposed in compliance with the Code. Nothing contained herein nor any action taken pursuant to this Agreement shall impair, restrict or prevent Airbnb from asserting that any Taxes and/or penalties, interest, fines or other 2 Docusign Envelope ID: 2105B433-8B8F-89C6-8033-A42EA891D836 Docusign Envelope ID: 2105B433-8B8F-89C6-8033-A42EA891D836 Docusign Envelope ID: 2105B433-8B8F-89C6-8033-A42EA891D836 Docusign Envelope ID: 2105B433-8B8F-89C6-8033-A42EA891D836 Docusign Envelope ID: 2105B433-8B8F-89C6-8033-A42EA891D836 Docusign Envelope ID: 2105B433-8B8F-89C6-8033-A42EA891D836 Docusign Envelope ID: 2105B433-8B8F-89C6-8033-A42EA891D836 Docusign Envelope ID: 2105B433-8B8F-89C6-8033-A42EA891D836