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Article: NEW YORK STATE HOTEL TAX SAPS STATE'S ECONOMY;
- Article from:
- PR Newswire
- Article date:
- February 7, 1994
CopyrightCOPYRIGHT 1994 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Tax Study Update Shows $96.5 Million Lost In 1993 Tax Revenues;
31.5% Decline In Convention Business
ALBANY, N.Y., Feb. 7 /PRNewswire/ -- "The New York State hotel tax is wreaking havoc on the economy of New York State, the hotel industry, convention business and reducing the state's own tax collections. The update to the study by the American Economics Group clearly establishes the need for repeal of the state hotel tax to regain New York's economic strength," according to Joseph E. Spinnato, President of the Hotel Association of New York City.
Charles W. de Seve, Ph.D., President of the American Economics Group, who conducted the update of this ...
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