The payment of the lodging excise tax shall be accompanied by the submission of a lodging excise tax return furnished by the Village, which shall be signed by the owner, its duly authorized manager, or other agent. The lodging excise tax return shall set forth the gross receipts for the semi-annual period, the exempt receipts for the semi-annual period, and the net taxable receipts for the semi-annual period. Net taxable receipts shall be determined by subtracting any exempt receipts for the semi-annual period from the gross receipts for the semiannual period. A hotel's tax liability shall be determined by multiplying the net taxable receipts for the semi-annual period by three percent (3%) to arrive at the tax owed. The total payment remitted with the lodging excise tax return shall be the tax liability plus any charges for late payments.
(Res. 23-9. Passed 2-21-23.)