New ‘Airbnb tax’ may affect Shore rentals
Vicki Allison’s family has owned a home in Cape May for nearly 90 years. Her grandparents bought the house on Beach Avenue in 1935 and used the property to entertain business clients. Now, she and her sister maintain it — and they rent it out to afford the expenses that come with the second home.
This summer, however, the New Jersey Legislature added a complication to their longtime practice: Lawmakers voted to impose taxes on short-term property rentals everywhere in the state. The measure is expected to raise millions in new revenue by charging travelers.
Continue reading on Philly.com