The State of New Jersey has just posted new
which becomes Effective October 1, 2018

Hello Again from Cape May!

As we promised, we are updating you with the latest news on the Transient Accommodations Tax that goes into effect October 1, 2018.

The State of New Jersey has posted on their website guidance on the new law.  The detailed guidance can be found at:

(if the link will not open, please copy and paste into your browser)

So long as rental transactions are executed through a licensed NJ real estate broker, AND the access (key, keyless code, etc.) is provided by the licensed NJ real estate broker at their offsite location, AND no maid, linen, room or common hotel services are provided, then the rental transaction is exempt from the new law.

The new guidelines explain who is to collect the tax, the tax rates, and how to register to remit the tax to the State of NJ.  There are also examples to further explain different situations.  

If you are transacting your own rentals or renting through a "transient space marketplace" (online rental service), we urge you to review the new guidance from the State of NJ and take whatever action is needed to be in compliance.

We are happy to help in any way possible.

Your Friends at Jersey Cape Realty
Jersey Cape Realty, Inc.
739 Washington St.
Cape May, NJ 08204
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