(A) A profit may not accrue to any person as a result of the collection of the tax authorized under this subchapter. Notwithstanding that the total amount of taxes collected by a hotel operator may be in excess of the amount for which a consumer would be liable by the application of the levy imposed under this subchapter for the occupancy of a hotel room or rooms, the total amount of all taxes collected by any hotel operator shall be remitted to the city as hereinafter provided.
(B) (1) The tax authorized by this subchapter shall be due and payable in monthly installments on or before the fifteenth day of the calendar month next succeeding the month in which the tax accrued; provided, that for credit sales in which the tax authorized by this subchapter is not collected by the hotel operator at the time of such sales, such tax shall not, for purposes of this subchapter, be regarded as having accrued until the date on which it is either received by the hotel operator or upon the expiration of the 30-day payment period set forth in this subchapter. The hotel operator shall, on or before the fifteenth day of each month, prepare and deliver to the city a return for the preceding month, in the form prescribed by the city. Each return shall be signed by the hotel operator or his or her duly authorized agent.
(2) For the first month that the tax is delinquent, there shall be assessed by the Treasurer a penalty in the amount of 10% of the tax due for the delinquent period. No payment for a subsequent period shall be collected until all prior delinquent taxes have been paid in full with all penalties assessed thereto.
(Ord. 180, passed 9-4-2014)