(a) A profit may not accrue to any person as a result of the collection of the tax authorized under this article. Notwithstanding that the total amount of taxes collected by a hotel operator may be in excess of the amount for which a consumer would be liable by the application of the levy imposed under this article for the occupancy of a hotel room or rooms, the total amount of all taxes collected by any hotel operator shall be remitted to The Town of Granville as hereinafter provided.
(b) The tax authorized by this article shall be due and payable in monthly installments on or before the fifteenth day of the calendar month next succeeding the month in which the tax accrued; provided, that for credit sales in which the tax authorized by this article is not collected by the hotel operator at the time of such sales, such tax shall not, for purposes of this article, be regarded as having accrued until the date on which it is either received by the hotel operator or upon the expiration of the thirty day payment period set forth in this article. The hotel operator shall, on or before the fifteenth day of each month, prepare and deliver to the Town of Granville a return for the preceding month, in the form prescribed by the Town. Each return shall be signed by the hotel operator or his duly authorized agent. (Passed 8-9-05)