NY S07778

Authorizes the city of Cortland to impose a local occupancy tax on hotel rooms at a rate not exceeding 3 percent of the daily rental rate.

Tax applies to hotels, motels, apartment hotels, and boarding houses, but excludes state and federal government entities, tax-exempt organizations, and permanent residents (those occupying a room for at least 30 consecutive days).

Revenue from the tax must be deposited into a hospitality tax fund and may be used for infrastructure development, construction, rehabilitation, and promotion of destination tourism as determined by the city's Common Council.

Each local law imposing the tax may remain in effect for no longer than 3 years, though the city may re-enact such laws upon expiration.

Act takes effect immediately and expires on September 1, 2023.