(a) In addition to the hotel occupancy tax levied in Section 44-35 of this chapter, there is hereby levied a tax upon an occupant of any room that:
(1) is in a hotel;
(2) is ordinarily used for sleeping; and
(3) the cost of occupancy of which is $2 or more each day.
(b) The tax is equal to two percent of the consideration paid by the occupant of the room to the hotel.
(c) The tax imposed under this section must be collected on every occupancy occurring on or after January 1. 2023, and must continue to be collected for so long as any bonds or other obligations that are issued by the city under Section 334.043 of the Act for the purpose of financing a portion of the costs of the approved venue projects, and any bonds refunding or refinancing those bonds or other obligations, are outstanding and unpaid. (Ord. Nos. 23555; 32363)