Counties are urging Governor Kathy Hochul to sign legislation they say will level the playing field between hotels and short-term rental companies.
The New York State Association of Counties (NYSAC) is urging the governor to sign legislation that would create a registration system for short-term rentals and allow for sales tax and hotel occupancy tax collection similar to what hotels and motels currently do.
“While online platforms for short-term rentals have opened new opportunities for homeowners and travelers alike, they also present a variety of unique challenges. It is essential that we strike a balance between innovation and the well-being of our communities. These platforms must contribute their fair share to our economy and adhere to the same regulations as local hotels. This bipartisan legislation will help level the playing field and ensure accountability in the short-term rental industry. I urge Governor Hochul to sign this bill into law,” said Albany County Executive Daniel McCoy.
The proposed legislation, years in the making, would also require short-term rental agencies such as VRBO or Airbnb to maintain records documenting the length of stays, dates of rentals, and cost for stay.
“To be clear: we are not opposed to the short-term rental industry. In fact, we appreciate the role they play in supporting tourism in New York State. We just want to bring a little sunshine to this part of the industry so that communities have a better understanding of homes and units that are for rent and how often. And we need to generate some tax revenue to offset additional costs to public safety, health and infrastructure services,” added NYSAC Executive Director Stephen J. Acquario.
According to NYSAC, VRBO already collects state and/or local sales taxes and occupancy taxes in 49 states, Washington DC, Puerto Rico, Canada, and Mexico. Similarly, Airbnb does the same in 48 states, DC, Puerto Rico, the US Virgin Islands, Canada, and Mexico.
The registry would also assist state agencies in knowing what part of a community’s housing stock is being used for short-term rentals as opposed to permanent housing.
Having already passed in the assembly and senate, the legislation awaits the governor’s signature to become law. At a Monday press conference, NYSAC officials said they have no indication from the governor whether or not she will sign the bill into law.
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