Bill > A04061

This bill, known as the "short-term rental transparency and accountability act," requires short-term rental (STR) companies operating in New York to provide detailed reporting to county governments about their rental properties. Specifically, each STR company must submit an annual inventory by January 31st that lists the locations and capacities of all short-term rentals within each county, with the data reflecting the prior year's information. Additionally, these companies must submit monthly reports by the 10th of each month detailing rental utilization data, including the number of days each unit was rented, total occupants, and comprehensive information about the length of stays (such as average, median, and range). The bill defines a short-term rental as any residential unit (single-family home, multi-unit dwelling, or condominium) rented for less than 30 continuous days. STR companies that fail to comply with these reporting requirements can be fined up to $1,000 per day for each day they remain non-compliant. The reporting requirements aim to provide local governments with more transparency about short-term rental activities in their jurisdictions, potentially helping them better understand and manage the impact of such rentals on local housing markets and communities.

Housing and Urban Affairs

https://www.nysenate.gov/legislation/bills/2025/A4061