Under the settlement, Airbnb will now provide mandatory fields for hosts to fill out their business and resort tax information that the city will have to verify on its own. Airbnb will also not allow any listings that do not include the tax numbers. Airbnb and other home-sharing platforms that fail to provide the business and resort tax information face fines of $1,000 for the first offense and up to $5,000 for repeated violations.

Airbnb Settles Federal Lawsuit