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Assembly Commerce and Economic Development Committee Statement to Senate, No. 505 (December 11, 2023)

Summary

This is the Assembly Commerce and Economic Development Committee statement to [First Reprint] Senate, No. 505, State of New Jersey, dated December 11, 2023. The committee reports Senate Bill No. 505 (1R) favorably. The bill modifies definitions applicable to the State's transient accommodation taxes and fees. Under current law, a transient space marketplace means a marketplace or travel agency through which a person may offer transient accommodations to customers, and the bill changes the definition to specify that the marketplace or travel agency provides the service in exchange for a fee. As reported by the committee, the bill is identical to Assembly Bill No. 2237.

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“Assembly Commerce and Economic Development Committee Statement to Senate, No. 505 (December 11, 2023).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2023-12-11-ace-s505-s2-339268ac07/, SHA-256 6baabec737d096ea742099f4b94b4c315813392ca8051b8d9f9b0a9a56ae0383.

Full text

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT
                COMMITTEE

                          STATEMENT TO

                              [First Reprint]
                         SENATE, No. 505

       STATE OF NEW JERSEY
                         DATED: DECEMBER 11, 2023

          The Assembly Commerce and Economic Development Committee
      reports favorably Senate Bill No. 505 (1R).
          This bill modifies certain definitions that are applicable to the
      State’s transient accommodation taxes and fees. Specifically, the bill
      alters the definitions of “obtained through a transient marketplace” and
      “transient space marketplace.”
          Under current law, “obtained through a transient space
      marketplace” means that payment for the accommodation is made
      through a means provided by the marketplace or travel agency, either
      directly or indirectly, regardless of which person or entity receives the
      payment, and where the contracting for the accommodation is made
      through the marketplace or travel agency. The bill, as amended,
      changes this definition to specify that the rental of the accommodation
      is arranged through a means provided by the marketplace or travel
      agency, regardless of whether payment for the accommodation is made
      through a means provided by the marketplace or travel agency.
          Further, the bill modifies the definition of “transient space
      marketplace.” Under current law, a transient space marketplace means
      a marketplace or travel agency through which a person may offer
      transient accommodations to customers and through which customers
      may arrange for occupancies of transient accommodations. The bill
      changes the definition to specify that a marketplace or travel agency
      provides the service in exchange for a fee.
          As reported by the committee, Senate Bill No. 505 (1R) is identical
      to Assembly Bill No. 2237 which was also reported, as amended, by
      the committee on this date.

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