TRENTON – Legislation sponsored by Senator Robert “Bob” Andrzejczak (D-1st) that would make transient accommodation taxes and fees only applicable if rented through a marketplace, cleared the Senate Community and Urban Affairs Committee May 13.
“The law was originally intended to tax major commercial companies such as Airbnb, but it ended up hurting small, private renters all along the shore,” stated Andrzejczak in a release.
“Folks that have been renting their shore house to their friends and family aren’t doing it to make a fortune but more to offset the cost of home ownership. This tax was never meant to hurt the independent renters, and I am glad that the Legislature is following through with what we promised earlier this year by moving this forward.”
Under the bill, S-3158, a transient accommodation would only be subject to taxes and fees if the rental is obtained through a marketplace.
A transient space marketplace would be defined as a marketplace or travel agency that offers short term rentals and also provides a means for reserving and paying for the rental – such as online marketplaces like Airbnb and VRBO.
The bill cleared committee by a vote of 5-0.
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