40:48-8.49 Fees; collection, administration.

427 words·~2 min read·/nj/title-40/chapter-48/40-48-8-49

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

5. The fees under this act shall be collected and administered by the director, notwithstanding the provisions of any other law to the contrary. In carrying out the provisions of this section, the director shall have all the powers granted in P.L.1966, c.30 (C.54:32B-1 et seq.). The director shall determine and certify to the State Treasurer on a monthly basis the amount of revenues collected by the director pursuant to this section on account of the fees imposed pursuant to this act in an eligible municipality which are payable to the convention center operating authority operating convention center facilities in such eligible municipality.

The State Treasurer upon the certification of the director and upon the warrant of the State Comptroller, shall pay and distribute on a monthly basis to the convention center operating authority the amount so determined and certified.

Notwithstanding any other provision of law or administrative action to the contrary, transient space marketplaces shall be required to collect and pay on behalf of persons engaged in the business of providing transient accommodations located in this State the tax for transactions obtained through the transient space marketplace. For not less than four years following the end of the calendar year in which the transaction occurred, the transient space marketplace shall maintain the following data for those transactions consummated through the transient space marketplace:

(1)The name of the person who provided the transient accommodation;

(2)The name of the customer who procured occupancy of the transient accommodation;

(3)The address, including any unit designation, of the transient accommodation;

(4)The dates and nightly rates for which the consumer procured occupancy of the transient accommodation;

(5)The municipal transient accommodation registration number, if applicable;

(6)A statement as to whether such booking services will be provided in connection with

(i)short-term rental of the entirety of such unit,

(ii)short-term rental of part of such unit, but not the entirety of such unit, and/or

(iii)short-term rental of the entirety of such unit, or part thereof, in which a non-short-term occupant will continue to occupy such unit for the duration of such short-term rental;

(7)The individualized name or number of each such advertisement or listing connected to such unit and the uniform resource locator

(URL)for each such listing or advertisement, where applicable; and

(8)Such other information as the Division of Taxation may by rule require.

The Division of Taxation may audit transient space marketplaces as necessary to ensure data accuracy and enforce tax compliance.

L.1991, c.376, s.5; amended 2018, c.49, s.11; 2019, c.235, s.7.