Core Points - Ocean City Council approved a 3 percent occupancy tax on rental properties booked through platforms like Airbnb and VRBO in a 4-3 vote [3][4][7] - The tax is expected to generate approximately $1.8 million in revenue for the city in its first year [4] - Supporters argue that many surrounding towns have similar taxes without negative impacts on their housing markets [4] - Opponents express concerns about the financial burden on families amid economic challenges [4][6] Summary by Sections Tax Implementation - The new 3 percent occupancy tax targets rentals booked through transient marketplaces [3] - This is the second attempt by the council to implement such a tax [4] Revenue Generation - Councilman Dave Winslow estimates the tax will generate $1.8 million in the first year [4] - The revenue is intended to help cover the increasing costs of running Ocean City due to the rise in transient stays [5] Support and Opposition - Supporters, including Councilman Jody Levchuk, highlight the changing rental landscape and the need for additional revenue [5] - Opponents, including residents and some council members, argue that the tax is unfair and adds to the financial strain on families [6]