LEGISLATION COULD TAX STAYS ON AIRBNB IN NEW JERSEY

A new bill introduced in New Jersey would tax rooms that are rented out through websites like Airbnb. The bill in the Assembly would tax these rooms the same way hotels are taxed in the state. The only difference is that the total rent would have to exceed $1,000 in the last 12 months. Bill supporters say it isn’t fair for hotels to impose the tax but these short term renting websites don’t play by the same rules.