The Transient Lodging Tax in the total amount of fifteen percent (15%) of the gross income actually received, excluding the Lodging Tax, by each licensee for transient lodging rentals pursuant to section 4-6-2 of this chapter shall be allocated and used by the City on the following percentages under the following categories. The Transient Lodging Tax allocation shall be reviewed annually by the City Council:
A. All proceeds from the gross income actually received, excluding the Lodging Tax, by each licensee for transient lodging rentals for the Recreation Transient Lodging Tax Fund in the amount of six and one-eighth percent (61/8%) shall be deposited in a special fund in the City Treasury to be known as or designated as the Recreation Fund.
B. All proceeds from the gross income actually received, excluding the Lodging Tax, by each licensee for transient lodging rentals for the Elko Convention and Visitors Authority Transient Lodging Tax Fund in the amount of two and three-eighths percent (23/8%) shall be paid to the Elko Convention and Visitors Authority as collected on and after July 1, 1998.
C. All proceeds from the gross income actually received, excluding the Lodging Tax, by each licensee for transient lodging rentals in the amount of one percent (1%), promotion of tourism Transient Lodging Tax, shall be paid as follows:
1. Three-eighths (3/8) of all proceeds of the promotion of tourism Transient Lodging Tax must be paid to the Department of Taxation for deposit with the State Treasurer for credit to the fund for the promotion of tourism.
2. Five-eighths (5/8) of all proceeds of the promotion of tourism Transient Lodging Tax must be deposited with the Elko County Recreation Board created pursuant to Nevada Revised Statutes section 244A.597, to be used to advertise the resources of the County of Elko related to tourism, including available accommodations, transportation, entertainment, natural resources and climate, and to promote special events related thereto.
D. All proceeds from the gross income actually received, excluding the Lodging Tax, by each licensee for transient lodging rentals for the Western Folklife Center Transient Lodging Tax Fund in the amount of one-fourth of one percent (0.25%) shall be paid to the Western Folklife Center Fund as collected on and after July 1, 1998.
E. All proceeds from the gross income actually received, excluding the Lodging Tax, by each licensee for transient lodging rentals for the Agricultural District 4 Transient Lodging Tax, in the amount of one-half of one percent (0.5%) shall be paid to Agricultural District 4 as collected on and after July 1, 1998.
F. All proceeds from the gross income actually received, excluding the Lodging Tax, by each licensee for transient lodging rentals for the marketing/tourism promotion Transient Lodging Tax in the amount of one and one quarter percent (1¼%) shall be paid to the Elko Convention and Visitors Authority on the condition that it creates a separate marketing and tourism promotion fund to account for all collections and expenditures made on and after July 1, 2001. Effective January 1, 2033 the percentage of Transient Lodging Tax paid to the Elko Convention and Visitors Authority Marketing Fund reverts back to one and three fourths percent (1¾%).
G. All proceeds from the gross income actually received on or after the month following passage of this ordinance, excluding the Lodging Tax, by each licensee for transient lodging rentals for the marketing/tourism promotion Transient Lodging Tax in the amount of two and one quarter percent (2¼%) shall be paid to the Elko Convention and Visitors Authority on the condition that it creates a separate Facility Fund to account for all collections and expenditures. One and one-half percent (1½%) of the two and one quarter percent (2¼%) will be reserved for the Conference Center debt balloon payment due in March 2026. Effective April 1, 2026 the Transient Lodging Tax paid to the Elko Convention and Visitors Authority Facility Fund will revert back to the three fourths of a percent (.75%). No portion may be used for salaries or benefits.
H. All proceeds from the gross income actually received on or after April 1, 2026 until December 31, 2032, excluding the Lodging Tax, by each licensee for transient lodging rentals for the marketing/tourism promotion Transient Lodging Tax in the amount of one and one-half percent (1½%) shall be paid to the Elko Convention and Visitors Authority Capital Improvement Fund. No portion may be used for salaries or benefits.
I. All proceeds from the gross income actually received on or after August 1, 2022, excluding the Lodging Tax, by each licensee for transient lodging rentals for the marketing/tourism promotion Transient Lodging Tax in the amount of one and one quarter of a percent (1.25%) shall be retained in the Recreation Fund and designated for Air Alliance Airline Revenue Guarantee Program(s).
J. All recipients of the Transient Lodging Tax shall render to the City an annual account showing in detail the use of all Transient Lodging Tax received from the City. (Ord. 828, 5-8-2018, eff. 7-1-2018; amd. Ord. 873, 8-23-2022; Ord. 875, 1-24-2023)