A bill to regulate short-term rentals in New York awaits Gov. Kathy Hochul’s decision by Dec. 24. The measure aims to address affordable housing concerns by creating a registry, requiring data-sharing, and enforcing hotel-equivalent taxes on rentals like Airbnb and Vrbo.
Supporters argue the bill will increase transparency and revenue, while opponents, including booking platforms, claim it adds unnecessary complexity for property owners. Counties could opt into managing their registries, with data shared at the state level.
The outcome hinges on Hochul’s stance, as lobbying intensifies ahead of the deadline.
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