Bill to Regulate Home-Sharing Heads to Governor's Desk
The New Jersey Senate on Monday gave final legislative approval to a bill that would impose taxes on the burgeoning home-sharing industry.
June 20, 2017 at 11:54 AM
6 minute read
The New Jersey Senate on Monday gave final legislative approval to a bill that would impose taxes on the burgeoning home-sharing industry.
In a 25-13 party-line vote, the Senate 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 municipalities in the state move toward banning the practice within their borders. The bill passed the Assembly in May and now goes to Gov. Chris Christie, who has not yet indicated whether he supports the bill.
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