Relates to the allocation and use of the revenues raised from the imposition of hotel and motel taxes in Cortland county, the official text

S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   10556
 
                             I N  S E N A T E
 
                               May 21, 2026
                                ___________
 
 Introduced  by  Sen.  WEBB  --  read twice and ordered printed, and when
   printed to be committed to the Committee on Investigations and Govern-
   ment Operations
 
 AN ACT to amend the tax law, in relation to the allocation  and  use  of
   revenues  raised from the imposition of hotel and motel taxes in Cort-
   land county
 
   THE PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND  ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section  1.   Subdivision 9 of section 1202-g of the tax law, as added
 by chapter 341 of the laws of 1987, is amended to read as follows:
   (9) All revenues resulting from the imposition of the  tax  under  the
 local  laws shall be paid into the treasury of Cortland county and shall
 be credited to and deposited [in the general fund of the county,  there-
 after] INTO A RESERVE ACCOUNT to be allocated for tourist and convention
 development  AND  ANY  OTHER  LAWFUL  PURPOSE  OF  THE COUNTY RELATED TO
 ECONOMIC DEVELOPMENT AS SET FORTH HEREIN; provided, however,  that  such
 local  laws  shall provide that the county shall be authorized to retain
 up to a maximum of ten percent of such revenue to  defer  the  necessary
 expenses  of  the  county in administering such tax. The revenue derived
 from the tax, after deducting the amount provided for administering such
 tax, as so authorized by local law, shall be allocated [to  enhance  the
 general  economy  of  Cortland  county, its cities, towns, and villages,
 through promotion  of  tourist  activities,  conventions,  trade  shows,
 special events, and other directly related and supporting activities] AS
 FOLLOWS:  AT  LEAST  SEVENTY-FIVE PERCENT OF UP TO THE FIRST ONE MILLION
 DOLLARS OF NET ANNUAL OCCUPANCY RECEIPTS SHALL BE  UTILIZED  TO  SUPPORT
 AND  ENHANCE  THE  PLANNING, PROMOTION, MARKETING AND GROWTH OF TOURISM,
 TOURIST ACTIVITIES AND ATTRACTIONS, AND TOURIST PRODUCT DEVELOPMENT, AND
 THE REMAINING NET OCCUPANCY TAX PROCEEDS SHALL  BE  DESIGNATED  FOR  ANY
 LAWFUL COUNTY PURPOSE RELATED TO ECONOMIC DEVELOPMENT.
   § 2. This act shall take effect immediately.
 
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD15946-02-6