(A) There is hereby imposed a hospitality fee of 1% of gross taxable rent for lodging paid to vendors after the effective date of this article.
(B) Fifty percent of such hospitality fee shall be used for the purpose of purchasing advertising to publicize and promote tourist-related attractions, facilities and events.
(C) Fifty percent of such hospitality fee shall be used to equip and furnish the City of Albuquerque Convention Center.
(D) Every vendor who is furnishing any lodgings within a municipality or county is exercising a taxable privilege.
(Ord. 19-2004; Am. Ord. 2019-024)