Bill > A04130

This bill amends the real property law and the tax law to require registration and record-keeping for short-term residential rental units, which are defined as an entire dwelling unit or a room/space within a dwelling rented to guests for less than 30 consecutive days. The key provisions include: - Requiring short-term rental hosts to register with the Department of State, including providing records on guest stays and paying registration fees. - Requiring booking services (platforms that facilitate short-term rental bookings) to also register with the Department of State and provide reports on the short-term rental units they facilitate. - Imposing penalties on booking services and short-term rental hosts for non-compliance, and providing enforcement mechanisms. - Expanding the definition of "hotel" in the tax law to include short-term rental units, subjecting them to applicable state and local taxes. - Allowing municipalities to further prohibit or limit short-term residential rentals.

Budget and Finance, Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2023/A4130