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Cuomo proposes Airbnb collect sales tax to increase revenue for New York FacebookTwitterEmail Gov. Andrew M. Cuomo’s budget proposal shifts the responsibility of collecting local and state taxes to platforms like Airbnb and Vrbo. The proposal will simplify the process of collecting taxes which have previously existed, but there was no accountability for how they were getting paid.AP Photo/Hans Pennink, Pool, File TROY— For over six years John Penney has owned a large three-unit home which he rents to guests via three Airbnb listings. Penney and his guests have never paid a sales tax to N...

Almost a year into a pandemic that’s cost the state more than 40,000 lives and countless sums in lost economic activity, New York is leaving few stones unturned when it comes to finding revenue that can shore up its budget. Among the proposals outlined by Governor Andrew Cuomo is a new proposal that would find home-sharing businesses passing on tax revenue to the state. As part of Cuomo’s proposed $193 billion state budget for the fiscal year starting April 1, 2021, popular vacation rental booking platforms like Vrbo and Airbnb would assume statewide responsibility for collecting th...