New York S06998 amends hotel and motel taxes in Saratoga county and Saratoga Springs, increasing allowable tax rates, removing exemptions, and.
New York S06998 amends the tax law to authorize Saratoga county and the city of Saratoga Springs to impose additional taxes on hotel and motel rooms. The county tax rate is increased to three percent of the per diem rental rate, while the city tax rate is set at two percent. Exemptions for properties with fewer than four units are removed. Revenues from the county tax are allocated to tourism promotion and economic development, while city revenues fund the City Center's expansion and renovation.
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