(A) The operator of each hotel within the city shall file tax returns showing gross rental receipts excluding all taxes and deducting therefrom all gross rental receipts from permanent residents with respect to each hotel room during each monthly period commencing on July 1, 2019 and continuing on the first day of each and every month thereafter on forms prescribed by the City Clerk. The return shall be due on or before the last day of the calendar month succeeding the end of the monthly filing period.
(B) If the operator's average monthly tax liability to the city does not exceed $250, the City Treasurer may authorize the operator to file the tax returns on a quarterly basis, with the return for January, February and March of a given year being due by April 30 of such year; with the return for April, May and June of a given year being due by July 31 of such year; with the return for July, August and September of a given year being due by October 31 of such year; and with the return for October, November and December of a given year being due by January 31 of the following year. The quarterly returns, as to form and substance, shall be subject to the same requirements as monthly returns.
(C) The authority to file the operator's return on a quarterly basis may be suspended by the City Treasurer if the operator:
(1) Fails to pay a quarterly return within the required time; or
(2) Fails to provide documentation substantiating the deduction of rental receipts for renting or leasing to permanent residents during the reporting period for a quarterly return.
(D) The first taxing period for the purpose of this subchapter shall commence July 1, 2019, and the tax return and payment for such period shall be due on or before August 31, 2019. Thereafter, reporting periods and tax payments shall be in accordance with the provisions of this subchapter. At the time of filing said tax returns, the operator shall pay to the city all taxes due for the period to which the tax return applies.
(E) If for any reason any tax is not paid when due, interest at the rate of 10% per annum, based on a year of 365 days and the number of days elapsed from the day of delinquency shall be added and collected.
(F) If a tax return is not filed within the time and manner provided in divisions (A) and (B) of this section, a late filing penalty of 5% of the amount of tax required to be shown on a return shall be imposed; and a late payment penalty of 5% of the tax due shall be imposed. If no return is filed within the time or manner provided in divisions (A) and (B) of this section and prior to the city issuing a notice of tax delinquency or notice of tax liability, then a failure to file penalty shall be assessed equal to 25% of the total tax due for the applicable reporting period for which the return was required to be filed. If a failure to file penalty is assessed against the operator, a late filing or payment penalty shall not apply.
(Ord. 19-0611-172, passed 6-11-2019)