As reported by The Gazette:
State Senator Jose Peralta unveiled a bill that would give each borough a portion of the state hotel occupancy tax it collects to use to promote local tourism.
The city’s official tourism arm, NYC & Company, promotes travel and tourism opportunities throughout the city and allocates approximately $60,000 to each of the boroughs to promote local nonprofit destinations and activities.
Peralta’s bill would provide each borough four percent of the state hotel occupancy tax revenue it collects, up to a maximum of $300,000, in order to promote local tourism, including at for-profit venues, such as bars and restaurants. Convention and visitors bureaus throughout New York and the United States are typically funded with hotel occupancy tax revenues.
For full article, click here.