New York City's hotel occupancy tax now expires on December 1, 2015.

New York City’s hotel occupancy tax now expires on December 1, 2015.

One of Michael Bloomberg’s last acts as mayor of New York, New York, was to sign Introductory Number 1204-A, legislation extending the hotel occupancy tax rate of 5.785%. The extension took effect on December 20, 2013 and runs through December 1, 2015.

In signing the bill, Mayor Bloomberg noted that the hotel occupancy tax will generate more than $25 million in revenue during Fiscal Year 2014 and more than $70 million in FY 2015. Renewing the tax will allow they City to maintain “financial health.”

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