Gov. Phil Murphy signed a bill on Friday exempting Jersey Shore homeowners from rental taxes who get direct bookings or use sites like HOUFY.com
Marketplaces, like Airbnb, VRBO and Homeaway, are required to collect and remit the 11.625% taxes on rentals on behalf of accommodation owners as they handle the transactions and collect all monies for the rental before distributing the owners "cut" back to the owner.
Rentals through Houfy are exempt from the tax because renters book directly through owners.
New Jersey vacationers, particularly those who rent places at the Jersey Shore, will be spared taxes totaling 11.625% on short-term rentals if they make their arrangements with homeowners who rent themselves or through sites connecting vacationers and homeowners directly like Houfy.com
"Under the amendment, rentals that a homeowner facilitates directly, such as through local newspaper ads, personal referrals, or signage, will not be subject to the tax if the homeowner is collecting the rental payment themselves."
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