Each operator shall, on or before the last day of the month following the close of each calendar quarter, or at the close of any shorter reporting period which may be established by the Finance Director, make a return to the Finance Director, on forms provided by him or her, of the total rents charged and received and the amount of tax collected for transient occupancies. The return shall be certified under oath as being correct. All claims for exemption from tax filed by occupants with the operator during the reporting period shall be filed with the report. At the time the return is filed, the full amount of the tax collected shall be remitted to the Finance Director. The Finance Director may establish shorter reporting periods for any Certificate holder if he or she deems it necessary in order to insure collection of the tax and he or she may require further information in the return if such information is pertinent to the collection of the tax. Returns and payments are due immediately upon cessation of business for any reason. All taxes collected by operators pursuant to this chapter shall be held in trust for the account of the City until payment thereof is made to the Finance Director. All returns and payments submitted by each operator shall be treated as confidential by the Finance Director and shall not be released by him or her except upon order of a court of competent jurisdiction or to an officer or agent of the United States, the State of Ohio, the County of Cuyahoga or the City of Euclid for official use only. The books and records of each operator shall be subject to audit by the Finance Director of the City at reasonable times and after reasonable notice is given to the operator. Each operator shall, on or before the last day of the month following the close of each calendar year, or fiscal year, should the operator be on an accounting period other than a calendar year, make a return to the Finance Director, on forms provided by him or her of the total rents charged and received and the amount of tax collected for transient occupancy during that calendar or fiscal year, which return shall be certified by a certified public accountant.
(Ord. 25-1975. Passed 2-18-75.)