Revised Finance Memorandum No. 08-1-R
New York City recently revised Finance Memorandum No. 08-1-R, 08/23/2011 providing helpful guidance to hotel operators subject to the New York City Hotel Room Occupancy Tax (“Hotel Tax”). The Memorandum includes a number of topics pertaining to the tax including definitions, computation and collection, the Permanent Resident Exclusion and exempt occupants. The Memorandum expounds particularly on the Permanent Resident Exclusion and Exempt Occupants. The text of the Memorandum is available by clicking here.