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Bill > A05686


NY A05686

NY A05686
Amends a chapter of 2024 regulating short-term rentals; provides local option; provides for the collection of taxes.


summary

Introduced
02/20/2025
In Committee
02/25/2025
Crossed Over
Passed
Dead

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 laws to establish a comprehensive framework for regulating short-term rental units across New York State, with a focus on creating a registration system, tax collection requirements, and local governance options. The bill defines "covered jurisdictions" as most counties, cities, towns, and villages in the state, with specific exceptions for New York City and areas that choose to opt out of the registration system. Short-term rental hosts will be required to register their units with their county or a multi-county registry, maintain specific health and safety standards, and keep detailed records of guest stays. Booking services (like online platforms that facilitate short-term rentals) will be responsible for collecting and reporting data about rental units, including guest stays, taxes collected, and host information. The bill allows local governments to establish their own regulations and prohibitions on short-term rentals, provides a graduated penalty system for violations, and clarifies tax collection responsibilities for rental units. Importantly, the bill creates a framework that balances state-level oversight with local flexibility, ensuring that different municipalities can adapt the regulations to their specific needs while maintaining consistent basic standards across the state.

Committee Categories

Budget and Finance, Housing and Urban Affairs

Sponsors (1)

Last Action

Companion passed 2025-02-28 (on 02/28/2025)

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