(A) The total receipts collected under the imposition of this tax shall be divided and used as set forth in this section. Seventy percent of said total receipts shall be used for the promotion of tourism in the village. The Village Tourism Commission shall be charged with the authority to determine how said monies shall be used.
(B) Of the remaining 30% of total receipts, 28% shall be directed to the village’s General Fund for use as determined appropriate by the Village Board. The remaining 2% of the total receipts shall be retained by the reporting entity for use in offsetting the costs of reporting.
(Ord. passed 12-4-2000; Ord. passed 9-13-2010; Res. 2022-2152, passed 2-15-2022)