Posted on

Airbnb bill heads to governor’s desk; to provide millions in tax revenues to municipalities

AirBnb

By Tom Bergeron, June 20, 2017 at 7:48 AM

A bill that would standardize taxes paid by those staying in short-term residential accommodations such as Airbnb was approved by the state Senate Monday and is heading to Gov. Chris Christie’s desk.

If signed, the legislation would provide more than $6 million in tax revenue for municipalities and the state of the New Jersey, supporters said.

A similar measure, put in place by Jersey City two years, generated approximately $1 million in revenue for Jersey City in 2016.

https://www.njbiz.com/apps/pbcs.dll/article?AID=/20170620/NJBIZ01/170629999/airbnb-bill-heads-to-governors-desk-to-provide-millions-in-tax-revenues-to-municipalities&template=mobileart