Industry Insights | 5.20.21
Today, Mayor Bill de Blasio signed an Executive Order eliminating the 5.875% hotel room occupancy tax rate for a three-month period, from June 1, 2021, to August 31, 2021. The relief provided by the tax rate reduction is designed to help accelerate the hotel industry’s recovery, which has been hit hard by the pandemic. The Mayor’s action is intended to help hotels keep their doors open, retain jobs, and gain a more stable footing as the city continues its path toward a full recovery.
While the order clearly eliminates the 5.875% tax on the room charge, it does not eliminate the $2 per day per room tax also imposed by New York City.
Additionally, the 8.875% Sales Tax on Hotel Occupancy and the $1.50 per unit per day fee continue to apply.
Berdon LLP New York Accountants