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Ways and Means members discuss short-term rental registry, room-tax share and reporting challenges
Summary
Committee members discussed a proposed local-law amendment and registry to capture short-term rental (STR) activity and its effect on room tax and sales tax revenue; no formal action was taken.
Members of the Cayuga County Legislature’s Ways and Means Committee discussed efforts to include short-term rentals in the county’s room tax collection and to create a registry to improve reporting and revenue capture.
The committee discussed how existing arrangements allocate the 5% county share of the room tax. Fred (staff, legal) said, “The county keeps 5% of the room tax. The rest goes to tourism under the local law.” The conversation centered on whether an amendment and a registry for short-term rentals would change how much revenue the county and the county’s tourism organization receive.
The committee heard that the change would likely…
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