NY A01140

Establishes a registration system for short-term rental units with the Division of Housing and Community Renewal, with two-year registrations valid and a maximum fee of $100.

Requires short-term rental hosts to maintain liability insurance of at least $500,000 and prohibits operating more than one unit unless located at the same address.

Restricts short-term rentals from being used for single-room occupancy or on rent-controlled, rent-stabilized, or affordable housing units, and requires evacuation diagrams and emergency contact information be posted.

Defines hosting platforms as facilitators of hotel occupancies and imposes obligations on them to maintain complaint mechanisms, record guest transactions for 12 months, and inform hosts of registration requirements.

Subjects short-term rental occupancies to hotel occupancy taxes and unit fees under state and local tax law, with hosting platforms serving as tax collectors for these transactions.