Right now, McGuire said, the hosts who rent out rooms are supposed to register with their local governments and pay the transient occupancy tax. But many do not, says a fact sheet about his bill, creating “a severe under-registration of hosts and underpayment” of taxes. The bill also would uphold local bans on short-term vacation rentals by prohibiting online home-sharing companies from arranging agreements that violate a local ordinance. Read full article.