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By Michael Symons March 5, 2017 9:00 PM
New Jersey lawmakers are moving ahead with plans to tax and regulate home-sharing operations like Airbnb. And while the company is OK with collecting taxes, it doesn’t like the approach being taken to license or prohibit the short-term rentals it brokers.
Assemblywoman Annette Quijano, D-Union, said New Jersey’s tax laws need to be updated to keep up with technology and the home-sharing portion of the hospitality industry.
“It’s unfair to hotels and motels that have to compete with a new business model that provides essentially the same service but does not have to charge state sales tax, the state hotel/motel fee and a municipal hotel tax, which can total up to 18 percent in some areas,” Quijano said. “That’s a very significant disparity and a significant barrier to overcome.”
Last year, more than 6,000 New Jersey hosts earned over $50 million through 257,000 short-term rentals arranged through Airbnb.
Read More: NJ lawmakers take step toward taxing Airbnb and home-sharing rentals | https://nj1015.com/nj-lawmakers-take-step-toward-taxing-airbnb-and-home-sharing-rentals/?trackback=tsmclip
We don’t want the tax revenue –
No boarding houses in Ridgewood.
cant wait. luddites will be howling. and luddites cant do anything about it.
I can’t wait to open multiple halfway houses for transient crack moms an/or an “undocumented American” sanctuary.
PE smith you are certainly an unhappy nasty person
Why 918? I’m quite content and not a crank like a lot of the posters such as yourself. I think this is a great development.. Also a way for some of our older empty nesters to make a few bucks to pay the bills and stay in a town they love. Our council saw this coming too. People like 829 are too stupid to realize its happening now and many short term stayers are professionals working in NYC on short term projects.
Professionals or whatever. Anybody can be creepy. I don’t want a long string of strangers living next door. Period.