NY Tax laws info – IMPORTANT

Many changes have occurred in NYC with respect to tax laws for furnished apartments. The New York City Department of Finance has increased the Hotel Tax from 5% to 5.875%. This new tax rate will be applicable to all existing and new reservations effective March 1st.

The Hotel Room Occupancy Tax will not be affected by this change. It will remain as follows: $4.00 per day for a Studio, $6.00 per day for a 1 Bedroom, and $8.00 per day for a 2 Bedroom.

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