Int. No.  879-A

By Council Members Fidler, Brewer, Comrie,  Felder, James, Mark-Viverito, Martinez, Nelson, Palma, Seabrook, Sears, Vann, Jackson and Reyna

A Local Law to amend the administrative code of the city of New York, in relation to an increase in the rate of the additional tax on the occupancy of hotel rooms imposed by chapter 25 of title 11 of such code.

Be it enacted by the Council as follows:

                         Section 1. Paragraph 3 of subdivision a of section 11-2502 of the administrative code of the city of New York, as amended by local law number 21 for the year 1994, is amended to read as follows:

                         (3) In addition to the tax imposed by paragraph two of this subdivision, there is hereby imposed and there shall be paid a tax for every occupancy of each room in a hotel in the city of New York (A) at the rate of five percent of the rent or charge per day for each such room up to and including August thirty-first, nineteen hundred ninety, (B) at the rate of six percent of the rent or charge per day for each such room on and after September first, nineteen hundred ninety and before December first, nineteen hundred ninety-four, [and] (C) at the rate of five percent of the rent or charge per day for each such room on and after December first, nineteen hundred ninety-four and before March first, two thousand nine, (D) at the rate of five and seven-eighths percent of the rent or charge per day for each such room on and after March first, two thousand nine and before December first, two thousand eleven, and (E) at the rate of five percent of the rent or charge per day for each such room on and after December first, two thousand eleven.

§2. This local law shall take effect immediately.

TE#5866

12-16-08