NY A10415

City of Ithaca authorized to impose a tax up to 5 percent on hotel and motel room rentals, including bed and breakfast and tourist facilities.

Tax exemption applies to permanent residents occupying a room for at least 30 consecutive days.

Tax collection administered by the city's chief fiscal officer, with hotel/motel owners responsible for collecting payment from guests and remitting to the city.

City may retain up to 4 percent of total tax revenue for administrative costs, with remaining revenues dedicated to constructing, promoting, and operating a conference center.

Local tax laws enacted under this provision may remain in effect for no longer than 3 years, with option to renew upon expiration; exemptions apply to state, federal, and qualifying nonprofit entities.