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Bill > S00820


NY S00820

NY S00820
Amends a chapter of 2024 regulating short-term rentals; provides local option; provides for the collection of taxes.


summary

Introduced
01/08/2025
In Committee
02/24/2025
Crossed Over
02/25/2025
Passed
02/28/2025
Dead
Signed/Enacted/Adopted
02/28/2025

Introduced Session

2025-2026 General Assembly

Bill Summary

AN ACT to amend the real property law and the tax law, in relation to short term rental units; amends a chapter of the laws of 2024 amending the real property law and the tax law relating to short-term residential rental of private dwellings in certain municipalities, as proposed in legislative bills numbers S. 885-C and A. 4130-C, in relation to the effectiveness thereof; and repeals certain provisions of the tax law and such chapter relating to the authority of local governments to prohibit certain short term rental units

AI Summary

This bill amends existing New York state law to establish a comprehensive framework for regulating short-term rental units across the state, with significant changes to how these rentals are registered, taxed, and managed. The bill creates a system where counties (referred to as "covered jurisdictions") are required to establish a registration system for short-term rental units, with some exceptions for cities like New York and counties that choose to opt out. Short-term rental hosts must register their units with their county, display safety information, maintain insurance, and keep detailed records. Booking services are now required to collect and report data about rental stays, verify registration numbers, and collect applicable taxes. The bill allows local governments to maintain their existing rental unit registries and provides flexibility for municipalities to enact additional regulations. Key changes include expanding tax collection responsibilities for booking services, creating more standardized reporting requirements, and establishing a statewide approach to short-term rental regulation while still preserving local control. The bill aims to create more transparency in the short-term rental market, ensure safety standards are met, and provide a consistent framework for taxation and registration across New York state.

Committee Categories

Budget and Finance

Sponsors (2)

Last Action

SIGNED CHAP.99 (on 02/28/2025)

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