§ 19-3304.  Reports, Returns, Payment and Collection of Tax.
   (1)   All taxes collected by any Vehicle Rental Company in accordance with this Chapter shall constitute a trust fund for the City and such trust shall be enforceable against such person and any person receiving any part of such find without consideration, or knowing that the Vehicle Rental Company is committing a breach of trust; provided, however, that any person receiving payment of a lawful obligation of the Vehicle Rental Company from such fund shall be presumed to have received the same in good faith and without any knowledge of the breach of trust.
   (2)   Every Vehicle Rental Company shall collect the tax imposed by this Chapter from the renter of the vehicle at the time the Rental Vehicle is rented, and shall pay it over to the City as provided hereinafter. A Vehicle Rental Company, if it fails to collect the tax or pay it to the City when due, shall be liable to the City for the payment of the tax, including penalties and interest as provided in Section 19-509.
   (3)   Every report and return shall be made upon a form furnished by the Department.
   (4)   Every Vehicle Rental Company shall transmit to the Department, on or before the fifteen (15th) day of each month, a return for the month preceding the month in which the return is made, which return shall report the amount of consideration received for the transactions during the month for which the return is made, the amount of tax due from the Vehicle Rental Company for that month, and such other information as the Department may require.
   (5)   Every Vehicle Rental Company, at the time of filing every return required by this Section, shall compute and pay to the Department the taxes shown as due on the return for the period for which the return is made.
   (6)   Every Vehicle Rental Company shall maintain records, which shall be made available to the Department upon its request, which shall include, but not be limited to, the number of rental transactions on a daily or weekly basis, the rate(s) charged for each rental, the consideration received from all transactions during the month for which each return is made, as well as such other information as the Department may require.
   (7)   If a 656 Vehicle Rental Company enters the business of renting vehicles subsequent to the effective date of this Chapter, the first return shall be filed on the fifteenth (15th) day of the first month subsequent thereto. The first return and tax payment due shall be for all transactions occurring during the preceding month based upon the actual taxable transactions during the preceding month.
   (8)   The Department is authorized to promulgate rules and regulations governing the collection, administration and enforcement of the provisions of this Chapter.

 

Notes

656
   Enrolled bill read "an".