Short Term Rentals, and the tax on short term rentals, became a bargaining chip in New Jersey Legislators.
Estimated annual revenue from the short term rental revenue in New Jersey: $250 million
How New Jersey Would tax Short Term rentals:
- expand sales tax
- apply the state’s 6.625% sales tax to r entals of fewer than 90 days would be taxed
NJ.com | Tax on shore rentals? I don’t like it, Phil Murphy says of Dem leaders’ key budget offer.