NJ Lawmakers Move to Tax Home-Sharing Industry
The New Jersey Assembly on Monday voted to impose a set of taxes on the growing home-sharing industry.
May 22, 2017 at 05:30 PM
6 minute read
The New Jersey Assembly on Monday voted to impose a set of taxes on the growing home-sharing industry.
The Assembly, in a 46-28 vote, approved A-4587, which would impose state sales and occupancy taxes on the operators of home-sharing facilities, as well as other taxes, depending on the particular municipality.
The move is part of an effort to regulate an industry dominated by San Francisco-based Airbnb, even as some towns in the state take steps toward banning the practice within their borders.
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