Murphy Signs Law Rolling Back So-Called Airbnb Tax

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% under a measure signed by Governor Murphy. Murphy signed the bipartisan bill as the summer season heads into its final few weeks and after a push from rental property owners to undo the tax that they said threatened the New Jersey’s multi-billion-dollar shore tourism industry.