(A) The owner or owners of each hotel or motel mom within the Village of Diamond shall file tax returns showing tax receipts received with respect to each hotel and motel room during each month period commencing on 5-1-1994, and continuing on the first day of every month thereafter on forms prescribed by the Village Treasurer. The return shall be due on or before the thirtieth day of the calendar month succeeding the end of the month filing period.
(B) (1) The first taxing period for the purpose of this subchapter shall commence on 5-1-1994, and the tax return and payment for the period shall be due on or before 6-30-1994.
(2) Thereafter, reporting periods and tax payments shall be in accordance with the provisions of this subchapter.
(3) At the time of filing the tax returns, the owner shall pay to the Village Treasurer all taxes due for the period to which the tax return applies.
(C) If for any reason any tax is not paid when due, a penalty at the rate of 1 and 1/2 % per 36-day period, or portion thereof, from the day of delinquency shall be added and collected.
(Ord. 1994-02, passed 4-26-1994) Penalty, see § 111.99