Ocean City Introduces Occupancy Tax for Online Vacation Rentals - OCNJ Daily
Summary
Ocean City is implementing an occupancy tax for online vacation rentals. Hosts in Ocean City need to be aware of and comply with this new tax regulation to avoid penalties.
Key Insights
- •Ocean City is introducing an occupancy tax specifically for online vacation rentals.
Action Items
- ✓Hosts operating in Ocean City should research and understand the details of the new occupancy tax, including the rate and compliance requirements.Effort: mediumImpact: medium
Common Mistakes
- ⚠Failing to comply with the new occupancy tax regulations in Ocean City could lead to penalties, including fines.
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