(a) 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 Section 763.07, whichever shall first occur. The hotel operator shall, on or before the fifteenth day of each month, prepare and deliver to the taxing authority, a return for the preceding month, in the form prescribed by the taxing authority. A remittance for the amount of the tax due shall accompany each return. Each return shall be signed by the hotel operator or his duly authorized agent.
(b) In the event that the tax due for any reporting period is less than ten dollars ($10.00) the reporting requirements as stated under subsection (a) hereof are hereby waived and no reporting shall be required until such time that the tax liability exceeds ten dollars ($10.00).
(Passed 4-9-87.)