Owners who rent their Garden State homes are breathing easier after Gov. Phil Murphy signed legislation that exempts them from having to charge renters costly new taxes.

The so-called “Airbnb tax” levied New Jersey’s sales tax and hotel and motel tax on short-term rentals, totaling nearly 12% per transaction.

Homeowners and vacationers said the move would hurt tourism at the Jersey Shore and cause people to spend less in one of the state’s critical economies.