NY A07071

Authorizes the city of Olean, Cattaraugus County, to adopt local laws imposing a hotel and motel tax on overnight lodging facilities, including bed and breakfasts and tourist facilities.

Tax rate shall not exceed 5 percent of the per diem rental rate for each room, with exemptions for permanent residents occupying a room for at least 30 consecutive days.

Tax collection and administration shall be handled by the city's chief fiscal officer, with hotel and motel owners/operators responsible for collecting and remitting the tax.

All tax revenues shall be deposited in the city's general fund, with the city retaining up to 4 percent for administrative costs and remaining revenues allocated to community and economic development, planning, and tourism.

Each local law imposing the tax may remain in effect for a period not to exceed 3 years, with the option to re-enact subsequent local laws upon expiration; the state authorization expires September 1, 2025.