TRENTON – Airbnb announced April 15 that it has remitted nearly $4 million in taxes since October 2018, when New Jersey’s new law extending sales tax to short-term rentals went into effect.
According to a release, this comes as New Jersey’s Airbnb community continues to grow, with local hosts earning a total of approximately $133 million in supplemental income while welcoming approximately 744,000 guest arrivals to the state in 2018 alone.
“Airbnb is an economic mobilizer for everyone, from families sharing their home to make ends meet, to the small businesses benefitting from more guests shopping and eating locally — and even to the State of New Jersey, which can now put to use millions of dollars in additional tax revenue brought in by short-term rentals,” stated Josh Meltzer, head of Northeast Public Policy for Airbnb. “We are proud of the partnerships we’ve forged in New Jersey and hope to continue working cooperatively to ensure home sharing can continue to benefit every corner of the Garden State.”
Airbnb’s tax partnership in New Jersey is just one of the more than 400 tax partnerships that Airbnb has fostered globally. Airbnb remains committed to working with governments to help its community collect and remit hotel-type taxes.
Along with the nearly $4 million in tax revenue that Airbnb has generated in New Jersey, Airbnb has also collected $1.2 billion in hotel and tourism taxes on behalf of its global community — over $1 billion of which has been collected in the United States. Airbnb is on track to become the world’s largest single collector of these taxes.
Learn more about the taxes that Airbnb remits in New Jersey https://bit.ly/2GgGmLr
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