There is hereby levied and imposed a tax upon all persons engaged within the city in the business of renting, leasing or letting rooms in a hotel, as defined in the hotel operators' occupation tax act, 35 Illinois Compiled Statutes 145/1 et seq., at the rate of five percent (5%) of the gross rental receipts from such renting, leasing or letting, said tax to be administered and collected, beginning November 1, 2003, in accordance with the following sections. (Ord. 1767, 9-16-2003)