Governor Murphy Signs Legislation Easing Taxation on Shore Rentals

08/9/2019

Bill Exempts Certain Rental Transactions from Taxes on Occupancy Charges

TRENTON – Governor Phil Murphy today signed legislation (A-4814) amending the transient accommodations law enacted last summer to provide relief for many shore renters by narrowing the scope of rentals that are subject to taxation.

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The amendment limits the scope of transient accommodations that are considered taxable under the law (P.L.2018, c.49) passed last year to apply only to rentals of professionally managed units and rentals obtained through a transient space marketplace or travel agency, under certain circumstances. Under the amendment, rentals that a homeowner facilitates directly, such as through local newspaper ads, personal referrals, or signage, will not be subject to the tax if the homeowner is collecting the rental payment themselves.

Read Full Article: https://www.nj.gov/governor/news/news/562019/approved/20190809a.shtml?fbclid=IwAR0yJLTkoroHdruX_0eIzNWyCnlETV3flkfO6cmoW9f1WWtAnk73kumXTA0

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Note on AirBnB and VRBO/Homeaway Fees

Your Mom always told you: NOTHING IS FOR FREE.  This includes AirBnB and VRBO/Homeaway.

 

See the attached article (link below), which outlines some of the “hidden” fees from these sites, which really give you nothing in return.  Try booking with the owner (Us) directly, and save on all of these fees. And, please feel confident in our many 5 Star reviews, and our lengthy rental history since 2011.

 

AIR BNB & VRBO SERVICE FEES

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Great Article: Four Reasons not to Book your Vacation Rental through VRBO or AirBnB

Great Article: Four Reasons not to Book your Vacation Rental through VRBO or AirBnB

Book Direct

March 21, 2018

By Maria Lamb

Once upon a time in Vacationland…

Susie had a killer vacation home in Machiasport, Maine.  Because she wanted to offset some bills,  Susie decided to make it available as a vacation rental.  Since she loved her home and area, she was excited that she could play ‘virtual tour guide and innkeeper’ to the guests who stayed in her home.   She paid upfront for an ad on a major online vacation rental listing site and happily answered questions about her home and many questions about the area from potential guests via phone and email.   When the guest was ready to book, she made payment arrangements, usually through a check or credit card payment.

(Continued…)

To Read the full article, click here:

Four reasons not to book your vacation rental through VRBO or AirBnB