(A) There is hereby levied a tax upon the cost of the occupancy of any room or space furnished by any hotel where such cost of occupancy is at the rate of $2 or more per day, such tax to be equal to 9% of the consideration paid by the occupant of such room to such hotel.
(B) No tax shall be imposed hereunder upon a permanent resident.
(C) No tax shall be imposed upon a corporation or association organized and operated exclusively for religious, charitable or educational purposes no part of the net earnings of which inures to the benefit of any private shareholder or individual.
(D) (1) The revenue generated from the tax imposed by this chapter shall be used and allocated in the manner and only for those purposes provided by law.
(2) The City Council may enter into 1 or more contracts as allowed by law with another governmental entity or private organization to provide overall management, supervision and allocation of funds for programs and activities funded with revenue from the tax authorized by this chapter, but only to the extent and in the manner allowed by law. Any such contract shall be in writing and shall contain all provisions required by law.
(3) The city shall require that funds received from this tax revenue be segregated and reports submitted as required by law. The city may impose its own requirements as to accountability, reporting, distribution and allocation of revenue as it deems necessary and proper.
(Ord. 601, passed 9-6-2005) Penalty, see § 114.99