Authorizes the city of Olean to impose a hotel and motel tax

This bill authorizes the city of Olean to collect a hotel and motel tax of up to five percent on overnight lodging rates. The tax applies to guests staying in hotels, motels, bed and breakfasts, and tourist facilities, but excludes permanent residents who stay for at least thirty consecutive days. Revenue generated from the tax will be deposited into the city's general fund, with a portion reserved for administrative costs and the remainder allocated to community and economic development, planning, and tourism. The legislation also establishes rules for tax collection, payment deadlines, and legal procedures for reviewing tax assessments or refunds.