The legislation being considered in New York to make rentals of under 30 days and their advertisements illegal would cost Airbnb close to $ 500 m per year , according to a report by American Action Network . The New York Senate passed the bill on June 17 with a 56-6 vote. A fine of up to $ 1,000 would be given to first time offenders , with 3 or more times seeing them rise to $ 7,500 . Proponents of the housing bill argue that short - term sublets create security and quality of life issues .
The legislation being considered in New York to make rentals of under 30 days and their advertisements illegal would cost Airbnb close to $ 500 m per year , according to a report by American Action Network . A fine of up to $ 1,000 would be given to first time offenders , with 3 or more times seeing them rise to $ 7,500 . Proponents of the housing bill argue that short - term sublets create security and quality of life issues .