Somers Point, NJ -- (SBWIRE) -- 08/23/2019 -- Shore Summer Rentals, the leading provider of beach vacation rentals by owners from Cape May, NJ, all the way up to Ocean Grove, NJ, is pleased to expand on the Transient Accommodations Tax law reversal signed by New Jersey Governor Murphy. Prior to August 9, 2019, transient accommodations in NJ, including rooms, residences, and online rental marketplaces, were subject to an additional sales tax and a state occupancy charge for all taxable transient accommodations, which drove up rental prices for both owners and renters.
Thankfully, Governor Murphy decided to sign an Amendment to Bill A-4814 which exempts private rentals from charging the renters taxes on short term transient accommodations to the benefit of late summer beachgoers. Personal rentals available at the Jersey Shore and the rest of the state are now exempt from this tax as long as the property owner owns less than three rental units.
Any renters who have rented rooms from an owner through Shore Summer Rentals will not owe the Transient Accommodations Tax, as long as their stay began on or after August 9, 2019. If a renter has already paid a transient accommodations tax for their stay taking place after the reversal date, the property owners are required by law to refund the tax amount. However, if the stay took place before the reversal date, the tax still applies.
The Transient Accommodations Tax reversal is good news for both rental property owners and their renters, as it will keep rental costs down and increase room rentals for the remainder of the summer season and throughout the year. Shore Summer Rentals proudly offers excellent beach vacation rentals all along the Jersey Shore. To learn more about Bill A-4814 and what it means for beachgoers in NJ, or to find great deals on shore rentals, visit https://www.shoresummerrentals.com/content/the-transient-accommodation-tax-reversed-for-private-rentals.html.
ShoreSummerRentals.com has helped both renters and owners achieve their goals at the New Jersey Shore since 2004. By using search filters, renters are able to choose from a selection of properties that most closely suit their needs. In addition, renters don't pay any booking fees or NJ rental tax and enjoy full control of the rental transaction. The staff at ShoreSummerRentals.com can help guide anyone through either side of the rental process. With so many different search tools to choose from for those interested in renting and a number of membership options for owners who want to post, there's no better team for people to turn to for all their New Jersey Shore rental needs.
To learn more, visit ShoreSummerRentals.com.
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Email: Click to Email John Broskey