(A) Pursuant to the powers granted by the Illinois Municipal Code, namely 65 ILCS 5/8-3-14a, a municipal hotel use tax of 5% is imposed on the amount paid by a patron to rent or lease rooms in a hotel within the corporate boundaries of the village. Tax receipts collected by any hotel within the village shall be remitted to the village no less than quarterly.
(B) Tax receipts, if not received as set forth in division (A) above, will incur a 5% late fee, on the first day of the month after the due date for the tax payment. In addition, interest shall accrue on any unpaid balance at the rate of 2% per month.
(C) PERMANENT RESIDENT includes all persons who reside at the hotel for 90 consecutive days, beginning on March 1, 2020.
(Ord. 18-11-1, passed 11-13-2018; Ord. 19-02-01, passed 2-12-2019; Ord. 20-02-01, passed 2-11-2020)