(a) Each vendor shall, on or before the twentieth day of each month, make and file a return for the preceding month, on forms prescribed by the Finance Director, showing the receipts from furnishing lodging, the amount of taxes due from the vendor to the Village for the period covered by the return and such other information as the Finance Director deems necessary for the proper administration of this Chapter. The Finance Director may extend the time for making and filing returns with just cause. Returns shall be filed by mailing or delivering the same to the Finance Director, together with payment of the amount of tax shown to be due thereon.
(b) The Finance Director may authorize vendors whose tax liability is not such to merit monthly returns as determined by the Finance Director upon the basis of administrative costs to the Village, to make and file returns at less frequent intervals. Such authorization shall be in writing and shall indicate the intervals at which returns are to be filed.
(c) The Finance Director shall stamp or otherwise mark on all returns the date received with the return. Any vendor who fails to file a return under this Chapter, shall forfeit and pay into the Village Treasury a penalty equal to ten percent (10%) of the taxes owed.
(Ord. 57-98. Passed 6-15-98.)