NJ wanting sales tax from STR properties

2 replies [Last post]
Offline
Joined:
06/24/2008

Calling it the Airbnb tax....lol

https://www.nytimes.com/2019/03/12/nyregion/airbnb-jersey-shore.html
 

OnTheShore's picture
Offline
Joined:
08/28/2011

Maine, aka "Vacationland," has had a long history of short term rentals and state law has long required the collection and remission of lodging taxes for these rentals (exception only if you rent your home for no more than 14 days per year). I think historically most vacation home owners used real estate agencies and/or property managers to handle the rentals of their vacation homes, and thus were likely compliant on tax collection and remission. VRBO and the like have long been active here, but of course more recently AirBnB has been a disruptor here as elsewhere. So a year or two ago, the State enacted a law that required third-party online platform entities like VRBO and AirBnB to register with the Maine Revenue Service, and to collect and remit the lodging tax on any rentals processed over their platforms (thus relieving the home owners of that burden -- although the home owners (or their other agents) are still responsible for collecting and remitting lodging tax on any other rentals made outside of those platforms...

I don't think this has had any adverse impacts on the business here.

But of course anytime there is a big change, people will be up in arms about it, and it may have an immediate adverse effect, but I don't think that will last long....

__________________

"where even time relaxes...."

 

gillumhouse's picture
Offline
Joined:
05/22/2008

I wish I could feel sympathy for them. How much were they collecting previously and remitting to the State and local governments to help pay for the services they are receiving-water, sewwer, streets, Police & Fire protection, etc. It is about time they stated paying what is referred to as "their fair share". It says nothing about regulations for health & safety inspections, but I did like that one sentence by Airbnb about being put on equal footing as hotels.

I really do not but that someone who can afford to pay $2400 per week for a house rental cannot afford a $280 tax. One guy who is crying about his 7 houses. It made my eyes water when I totaled up his weekly take of $31,450. I guess I would cry a little about that going to zero (if it actually is), but I might be willing to adjust my rates enough to still be getting almost that much per week and still placate the vacationers. (What we call winter rates)

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.