S885C

The New York State Senate passed legislation addressing short-term rental regulation statewide, with a 44-17 vote on Senate Print 885C. The bill, sponsored by Sen. Hinchey, aims to provide data on short-term rentals that have been removed from the housing market and ensure tax parity for municipalities. The measure has support from all 62 counties and major municipal organizations including NYSAC and NYCOM. During floor debate, Sen. Palumbo attempted to attach an amendment known as Karilyn's Law, which would establish visitation rights in guardianship cases and prevent conservatorship abuse. Acting President Bailey ruled the amendment nongermane, and Palumbo's appeal of that ruling was denied. Sen. Krueger emphasized that the bill does not preempt New York City's existing short-term rental authority or prevent the city from modifying its registration system in the future. Sen. Hinchey argued the bill is essential to addressing the state's housing crisis, noting that short-term rentals have removed significant housing stock from the market, particularly in the Hudson Valley and other communities across the state. The bill was restored to the noncontroversial calendar and passed with bipartisan opposition from 17 senators.