(A) There is hereby imposed and levied a special transient room tax of 1% of the rent for every occupancy of a suite, room, rooms, cabins, lodgings, campsites, or other accommodations, charged by any hotel, motel, inn, tourist camp, tourist cabin, campgrounds, recreational vehicle parks, or any other place in which accommodations are regularly furnished to transients for consideration or by any person that facilitates the rental of the accommodations by brokering, coordinating, or in any other way arranging for the rental of the accommodations in Boone, Campbell and Kenton Counties, and every such person, companies, corporations or like or similar persons, groups or organizations (the “taxpayer”) shall pay said tax monthly to the Treasurer of the Northern Kentucky Convention and Visitors Commission (“Treasurer”) all of the taxes herein imposed upon the rent charged during each calendar month. The Treasurer shall have the responsibility of collecting the tax imposed by this subchapter.
(B) The funds generated by the additional transient room tax first will be used to pay for studies, design plans, construction costs, bonds or other indebtedness, and any other costs incurred in expanding the Convention Center. These funds also may be used by the Center Corporation to pay bonds or other indebtedness incurred by third parties financing the Convention Center expansion. After the Convention Center expansion is complete, or a full funding plan is in place via the additional transient room tax revenue and/or other funding sources, any excess new funds generated by the additional transient room tax may be used to fund regional efforts to promote tourism and convention business, as provided in KRS 91A.390(6).
(Ord. 430.9, passed 3-21-95: Am. Ord. 2017-13, passed 8-8-17; Am. Ord. 2022-34, passed 12-20-22) Penalty, see § 40.99