From the Morning Memo:

A bill that could boost home sharing and online rental platforms like Airbnb by allowing the short-term rental of a single home has picked up the support of a Republican lawmaker in the state Senate.

The bill, backed by Sen. John Bonacic of the Hudson Valley, would allow companies like Airbnb to collect and remit taxes on behalf of their hosts. At the same time, the measure would change the Multiple Dwelling Law and allow New York City residents to share a single home and give regulators information in order to target bad actors.

And it would provide a 24-hour hotline for neighbors to raise concerns and require hosts to carry $250,000 in insurance.

Bonacic’s backing of the bill, which is sponsored by Brooklyn Democrat Joe Lentol in the Assembly, comes after lawmakers and state officials have sought further regulatory measures for home sharing and online rental services. The hotel industry, including the politically key Hotel Trades Union, has pushed back against efforts by Airbnb to expand its operations in New York.

“This bill recognizes the enormous value that home sharing represents for people, businesses, and communities throughout the state. In 2016, Airbnb hosts generated $3.5 billion in total economic activity, supporting 38,000 jobs in New York,” said Josh Meltzer, New York Head of Public Policy at Airbnb.

“This kind of impact is impossible to ignore, and the special interests who cannot see it are holding New York back. Home sharing is here to stay, and the status quo is not sustainable– this bill is the way forward, and we are proud to support it.”

Assemblywoman Linda Rosenthal, a critic of sites like Airbnb, criticized the legislation and pointed to her own bill that would regulate how the company could advertise.

“Unlike the Federal Administration, New York is not in the business of changing laws that are designed to protect affordable housing at the request of tech billionaires seeking to further pad their bottom lines,” she said.

“I have introduced legislation to require Airbnb and other platforms that allow ads by illegal hotel operators to share information with cities that is critical to ensure public safety and protect affordable housing. Hardworking New Yorkers are interested in transparency, while Airbnb is seemingly interested in transactional deal making. New York’s existing law protects affordable housing and public safety against illegal hotel operators, and that’s not up for debate,”