Cuomo Signs Into Law a Union-backed Bill Aimed at Crippling AirBnB
October 22, 2016 5 Commentson
On Friday, New York's Governor Andrew Cuomo signed into law NY State Senate bill S6340, making it illegal in the state of New York to advertise "for the use of dwelling units in a class A multiple dwelling." This law is aimed at Airbnb, a San Francisco-based homestay network that coordinates the rental of private properties by the homeowners. Not unlike Uber, a transportation network, Airbnb eliminates the often union-driven marketplace for a given service; with Uber it's taxis and with Airbnb, it's hotels. And as with Uber, unions are not happy with the explosion of Airbnb and lobbied in New York state for the passage of this law that establishes a minimum of at least 30 days for peer-to-peer rental of private property and provides for fines up to $7,500 for those in violation. The Hill reports:
New York Governor Andrew Cuomo banned short-term rentals on Airbnb after he signed a bill on Friday making it illegal to list unoccupied apartments on the service for stays under 30 stays.