BILL NUMBER: S366
SPONSOR: STEC
 
TITLE OF BILL:
An act to amend the tax law, in relation to authorizing an occupancy tax
in the town of Plattsburgh
 
PURPOSE:
To establish an occupancy tax in the town of Plattsburgh.
 
SUMMARY OF PROVISIONS:
Section 1 - Adds a new section, 1202-iii, to the tax law, which would
authorize the town of Plattsburgh to establish an occupancy tax, and
providing for collection and administration of that tax.
 
JUSTIFICATION:
This legislation was introduced following a request by the town council.
In its resolution, the council estimated that the additional revenue
generated by a local occupancy tax would generate about $1 million annu-
ally and allow for continued investment in infrastructure and economic
development.
 
LEGISLATIVE HISTORY:
New bill
 
FISCAL IMPLICATIONS:
None
 
EFFECTIVE DATE:
This act shall take effect immediately and shall apply to contracts
entered into on or after such date.