(A)
All persons, companies, corporations or other like or similar persons, groups or organizations doing business as motor courts, motels, hotels, inns or like or similar accommodation businesses as set forth herein, shall pay the 2% tax herein imposed at the same time and in the same manners that they pay the 3% transient room tax authorized by KRS 91A.390(1). The same interest and penalties applicable to the aforesaid transient room tax of 3% shall also be applicable to the County Revenue Commission as the designated collection agency for the county and same is authorized to create appropriate regulations pertaining to the implementation and enforcement of this tax and to take all appropriate actions to collect and enforce payment of the aforesaid additional 2% tax as are authorized for collection and payment of the existing 3% transient room tax authorized under KRS 91A.390. The County Revenue Commission is directed to disburse the additional 2% tax directly to the company, on a quarterly basis after deducting its customary fees and expenses.
(B) Following all necessary governmental actions, authorizations and consents required for the authorization and issuance of the Series 2015 bonds, the initial collection of the dedicated tax shall commence the end of January 2016 for the calendar quarter ended 12-31-2015, and thereafter the collection shall be the end of each April (for the calendar quarter from January 1 to March 31), July (for the calendar quarter from April 1 to June 30), October (for the calendar quarter from July 1 to September 30) and January (for the calendar quarter from October 1 to December 31) thereafter.
(Ord. 8 (2015), passed 10-27-2015; Ord. 11-2022, passed 11-22-2022)