Hotel Occupancy Tax
In 2003 the industry, in concert with the Arts, History and Cultural communities worked cooperatively with the state to create a stable, recurring, NEW revenue source for these efforts by enacting the Hotel Occupancy Tax. The tax was enacted to:
- Generate funding for the Office of Travel and Tourism’s promotional, advertising and cooperative marketing activities
- Set forth an initiative to grow revenue to contribute to the economic stimulus of the state
- Fund cultural and historical grants and programs
- Allow municipalities to add a new source of revenue generation other than the property tax
- Give the State a share of the funds for general use
- And once and finally stabilized the funding mechanism for an industry that largest by guaranteeing a minimum funding level and, if breached, trigger the repeal of the tax
NEW JERSEY REGISTER
VOLUME 42, NUMBER 1
MONDAY, JANUARY 4, 2010
PUBLIC NOTICE
TREASURY-TAXATION
DIVISION OF TAXATION
REGULATORY SERVICES BRANCH
Notice of Receipt of and Action on Petition for Rulemaking Sales and Use Tax
Amend Definition of Hotel; New Definition of Transient Room Rentals; New Definition of Transient Occupancy N.J.A.C. 18:24-3.2
Petitioner: Greater Wildwood Hotel-Motel Association
Take notice that on October 8, 2009, the Department of Treasury, Division of
Taxation (Regulatory Services Branch) received a petition for rulemaking from
Barry, Corrado, Grassi & Gibson, PC on behalf of the Greater Wildwood Hotel-Motel Association seeking to amend N.J.A.C. 18:24-3.2. This rule currently limits the scope of "hotel," thereby excluding from the application of sales tax sales of certain types of transient rentals. The petitioner seeks an
amendment of the existing "hotel" definition and the addition of "transient
room rentals" and "transient occupancy." The Department has determined to deny the petition for the reasons set forth below: