States can't fight Airbnb, so they're trying to tax it

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States can't fight Airbnb, so they're trying to tax it

States can't fight Airbnb, so they're trying to tax it

Most cities and States have accepted they won't be able to get rid of Airbnb — though **t for lack of trying. **w that the home-sharing site is here to stay, a few States are at least trying to make some money off of it.*

SEE ALSO: Airbnb's biggest threat yet could be a bill targeting New York landlords


New Jersey is the latest state to try to impose taxes on Airbnb, which is **t subject to the same taxes and fees as hotels and motels. In the Garden State, members of the assembly want to extend the 7 percent sales tax and 5 percent transient accommodation fee long in place at hotels to "short-term rentals rented through a transient space marketplace," aka Airbnb. The summertime legislative push comes during peak vacation rental season for the Jersey shore.* Read more...

More about New Jersey, San Francisco, Sharing Eco**my, Airbnb, and Business

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