Governor rolls back short-term rental tax for some

Property owners who rent their Jersey shore homes directly are no longer responsible for the so-called Airbnb tax under a new law Gov. Phil Murphy signed today. Murphy signed the bipartisan bill after a push from rental property owners to undo the tax that they said threatened New Jersey’s multi-billion-dollar shore tourism industry. The new law means that shore homeowners who manage rentals themselves— through personal referrals, yard signs or newspaper ads, for example — are no longer responsible for a tax of at least 11.625%.