NYC Mayor Adams Signs Bill Extending Hotel Occupancy Tax Rate

New York Mayor Eric Adams signed legislation Friday extending the city’s current tax rate on hotel stays.

The bill, Intro. 1208, will preserve a 5.875% tax on the occupancy of hotel rooms through November 2027. It was scheduled to fall to 5% in December.

• The additional .875% tax on hotel rooms has been preserved multiple times since February 2009, except for a brief period in 2013 when it went back to 5%, according to the bill’s fiscal impact statement. The 5.875% tax was temporarily eliminated for three months in 2021, to provide relief to the hotel industry as ...