Real Estate

Barrier to the beach: The ‘AirBnB tax’ clouds the outlook for the summer season at the shore

The summer rental business is crucial to the state's economy and if the tax reduces tourism, a swath of business could be hurt. So, the Legislature has begun the process of amending the law to balance the interests of different constituencies while remaining consistent with constitutional requirements and federal law. That’s a difficult job, and with the summer season fast approaching it’s unclear whether lawmakers can enact the fixes in time to beat the heat.

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