Housing

This bill increases the occupancy tax in St. Lawrence County from three percent to five percent. It directly affects guests staying at hotels, motels, apartment hotels, and boarding houses within the county by raising the fee charged on their room rentals. The law allows the county to collect this additional tax on the per diem rental rate for each room, regardless of whether the stay is daily or longer. The change takes effect immediately upon passage.

This bill makes technical updates to New York's good cause eviction law, primarily refining how rent increases and exemptions are calculated. It clarifies that rent increases must not exceed 245% of the fair market rent (published by HUD), adjusts the inflation index formula for rent adjustments (using specific regional CPI data), and defines "consummated" for condo/co-op conversions. These changes directly affect landlords and tenants in residential units covered by the law, including condos, co-ops, and properties with rent-regulated units. The bill ensures clearer implementation of existing protections by updating technical definitions and calculation methods.

Relates to treatment of gains from qualified opportunity zones in calculating taxable income; removes exclusion of gains on property in qualified opportunity zones in calculation of income.