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NY S02238

Bill

Official Source

Status

Engrossed

6/15/2016

Primary Sponsor

Jose Peralta

Click for details

Origin

Senate

2015-2016 General Assembly

AI Summary

  • Amends tax law to require that 4 percent of hotel occupancy tax revenues collected in cities with populations of one million or more be deposited into separate borough accounts, with a maximum of $300,000 per borough per calendar year
  • Moneys in each borough account must be used exclusively for tourism promotion purposes in that specific borough, excluding administrative expenses
  • Requires the borough president to designate an entity for tourism promotion that must be approved by the Department of Economic Development
  • Takes effect on January 1 following enactment into law

Legislative Description

Provides that a portion of the local hotel occupancy tax in a city having a population of one million or more shall be dedicated to promoting tourism within each individual borough of such city.

Last Action

referred to ways and means

6/15/2016

Committee Referrals

Ways and Means6/15/2016
Investigations and Government Operations1/22/2015

Full Bill Text

No bill text available