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Lodging

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Host Hattie Bryant of Small Business School interviews Susan and Bill Menz of the Harpswell Inn Bed and Breakfast in Harpswell, Maine.

Business Glossary
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Definitions for: lodging
lodging

facility where one sleeps away from home (e.g., hotel, apartment). For tax years beginning in 1987, lodging expenses are deductible by individuals as employee business expenses only if the aggregate amount of miscellaneous deductions exceeds 2% of the taxpayer's adjusted gross income. Further, the tax law establishes rules for including in income qualified campus lodging provided by a school to an employee. In general, gross income does not include the value of qualified campus lodging. However, it is included to the extent the rent paid is less than the lesser of 5% of the appraised value of the lodging or the average rentals paid (by persons other than employees and students) to the school for comparable housing.

Copyright © 2005, 2000, 1995, 1987 by Barron's Educational Series, Inc., Reprinted by arrangement with Publisher.

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Industry Associations

Industry Associations
American Hotel and Lodging Educational Foundation
Provides financial support that enhances the stability, prosperity, and growth of the lodging industry through educational and research programs.

Founded: 2002