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NJ Legislature Passes Bill to Tax Short-Term Rentals
The New Jersey Legislature recently passed legislation that would impose taxes on short-term rentals, or “transient space marketplaces,” like Airbnb. The bill, Assembly Bill No. 4587, now heads to Gov. Chris Christie. According to Airbnb, approximately 6,000 New Jersey “hosts” earned more than $50 million last year. Nonetheless, an increasing number