Gov. Chris Christie recently vetoed legislation that would have made rentals via Airbnb and similar online marketplaces subject to the same state and local occupancy taxes as hotel and motel rooms. According to the Governor, he would not support imposing additional taxes on “already overly taxed New Jersey property owners.”
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
New Jersey lawmakers are currently considering legislation that would make rentals via Airbnb and similar online marketplaces subject to the same state and local occupancy taxes as hotel and motel rooms. The proposed bill is the latest attempt of state and local authorities to regulate the so-called “sharing” economy. Under
