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Bill

A 8777

Extends the authorization to have an occupancy tax in the town of Putnam Valley, in the county of Putnam

2025 Regular Session Introduced by Matt Slater

Bill A 8777 extends Putnam Valley's authority to impose an occupancy tax on short-term rentals, boosting local revenue for services and infrastructure.

SUBSTITUTED BY S8321
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WeVote Research Nonpartisan
Bill Summary · A 8777

Summary of Bill A 8777

Bill Overview

  • Bill Number: A 8777
  • Title: Extends the authorization to have an occupancy tax in the town of Putnam Valley, in the county of Putnam
  • Status: Substituted by S 8321
  • Introduced: June 02, 2025
  • Classification: Bill

Purpose and Intent

Bill A 8777 aims to extend the authorization for the town of Putnam Valley, located in Putnam County, to impose an occupancy tax. This tax is typically levied on short-term rentals and accommodations, such as hotels and vacation rentals, to generate revenue for local government services and infrastructure.

Key Provisions

  • Extension of Authorization: The bill seeks to prolong the existing authority for Putnam Valley to collect an occupancy tax. The specific duration of the extension is not detailed in the provided information.
  • Tax Revenue Utilization: While the bill does not specify how the revenue will be used, occupancy taxes are generally allocated for tourism promotion, local infrastructure improvements, and community services.

Affected Parties

  • Local Government: The town of Putnam Valley would benefit from the additional revenue generated through the occupancy tax, which can support various local initiatives.
  • Property Owners and Businesses: Owners of short-term rental properties and local businesses in the hospitality sector may be impacted by the tax, as it could influence rental pricing and occupancy rates.

Legislative Timeline

  • June 02, 2025: Bill introduced and referred to the Ways and Means Committee.
  • June 11, 2025: Reported and referred to Rules.
  • June 17, 2025:
    • Reported to the legislative calendar.
    • Ordered to third reading.
    • Substituted by S 8321, indicating that the Senate version of the bill has taken precedence.

Related Bills

  • S 8321: This is the companion bill in the Senate that has substituted A 8777. Details on S 8321 would provide further context on the occupancy tax extension and any additional provisions it may include.

Conclusion

Bill A 8777 is a legislative effort to extend the authority for an occupancy tax in Putnam Valley, which could have significant implications for local revenue generation and the hospitality industry. The substitution by S 8321 suggests a continued legislative focus on this issue, and stakeholders should monitor developments related to both bills.

Compiled from official sources — confirm details with the bill’s official record.

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