Skip to Content
Author: The BCW

BCW Among Groups Supporting Short-Term Rental Registry

The BCW is among more than 30 business, hospitality and tourism organizations statewide signing on to a letter from the NYS Hospitality and Tourism Association (NYSHTA) urging Governor Hochul to sign the Statewide Short-Term Registry bill, S.885-C (Hinchey) / A.4130 (Fahy), which passed both houses of the legislature with bipartisan support.

The bill would create a statewide registration system for short-term rentals like Airbnb and require the collection of sales and occupancy taxes generated from such rentals to the state and localities.

Passage of this bill was a top priority this year for the BCW which worked with the Westchester Hotel Association who are members of LEAP.

“This bill represents a multiyear industry effort from NYSHTA and its industry partners that will level the playing field between current, state-regulated tourism businesses and short-term rental companies, and provide millions of dollars in tax revenues,” read the letter from NYSHTA.

The letter noted that a study conducted by All the Rooms, short-term rentals in New York State successfully generated over $960 million in revenue between September 2022 and September 2023 (excluding New York City). The report reveals an estimated loss of approximately $550 million in tax revenue lost by the state over the past 5 years.

Additionally, short term rentals are not currently required to pay occupancy tax, which is an important funding resource for tourism and economic development initiatives for these localities – this legislation would allow municipalities to collect both sales and occupancy tax on such rentals.

Mark Dorr, NYSHTA President said, “Local governments need robust tools to effectively regulate and monitor short-term rentals. A statewide registry will provide the necessary infrastructure to support local efforts and ensure compliance with safety and regulations.”

Similar News Items

BCW Member Maria Fareri Children’s Hospital appears on U.S. News & World Report’s 2025–2026 Best Children’s Hospitals list, earning a coveted spot in the 2025–2026 Best Children’s Hospitals for Pediatric Cancer. In addition to this national recognition, Maria Fareri Children’s Hospital was named the #7 Best Children’s Hospital in New York and the #16 Best in the […]

Read Article

Westchester County is investing nearly $10 million in the development of 160 new affordable rental units in Yonkers, with County Executive Ken Jenkins signing legislation to move the project forward. The legislation, enacted in partnership with the Westchester County Board of Legislators, the City of Yonkers, and BCW member MacQuesten Development, LLC, is aimed at […]

Read Article

The Business Council of Westchester and our coalition, A Sure Bet for New York’s Future, are deeply disappointed by Wednesday’s announcement that MGM Empire City will withdraw from the casino licensing process. Throughout the many years of this effort, we have fought tirelessly with the MGM Empire City team to ensure that this important local […]

Read Article

Become A Member

Join the county’s largest and most influential business organization today.

JOIN NOW!
The Business Council of Westchester is committed to helping businesses market, learn, advocate, and grow. Over 80 events and programs are offered every year, giving our members ample opportunity to connect and meet with businesses representatives in the Westchester community and beyond.
Back to top