Bill Text: NJ S3113 | 2018-2019 | Regular Session | Introduced
Bill Title: Amends effective date of P.L.2018, c.49 concerning taxes and fees imposed on rentals of transient accommodations and allows refund for already paid taxes and fees.
Spectrum: Slight Partisan Bill (Democrat 2-1)
Status: (Introduced - Dead) 2018-10-18 - Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee [S3113 Detail]
Download: New_Jersey-2018-S3113-Introduced.html
Sponsored by:
Senator JEFF VAN DREW
District 1 (Atlantic, Cape May and Cumberland)
SYNOPSIS
Amends effective date of P.L.2018, c.49 concerning taxes and fees imposed on rentals of transient accommodations and allows refund for already paid taxes and fees.
CURRENT VERSION OF TEXT
As introduced.
An Act concerning taxes and fees on transient accommodation rentals and amending the effective date of P.L.2018, c.49.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 25 of P.L.2018, c.49 is amended to read as follows:
25. This act shall take effect immediately, but sections one through 23 shall remain inoperative until the first day of the first full calendar quarter beginning at least 90 days following the date of enactment; provided, however, this act shall not apply to transient accommodations rental contracts executed prior to October 1, 2018.
(cf: P.L.2018, c.49, s.25)
2. (New Section) Any tax or fee imposed and authorized by P.L.2018, c.49 on occupancy contracts that were executed prior to October 1, 2018 shall be refunded upon application. The Director of the Division of Taxation in the Department of the Treasury shall prescribe the method for applying for a refund on the taxes and fees the division administers. A local government shall prescribe the method for applying for a refund on those taxes and fees it administers.
3. This act shall take effect immediately.
STATEMENT
P.L.2018, c.49, which imposed and authorized various taxes and fees related to short term rentals, went into effect July 1, 2018, but the taxes and fees did not apply to occupancies occurring prior to October 1, 2018. However, even if contracts for occupancies were executed prior to October 1, 2018, the taxes and fees applied if the occupancy occurred on or after that date.
This bill provides that the taxes and fees will instead only apply to rentals of occupancies that are contracted after October 1, 2018. Any taxes or fees already collected on occupancies that were contracted, even if not paid, prior to that date will be refunded upon application.
