(a) Pursuant to Section 5739.09(A)(6) of the Ohio Revised Code enacted by Am. Sub. H.B. 119 of the 127th General Assembly, in addition to the excise tax levied by Sections 703.03 and 703.035 of this Chapter, this Council hereby levies and imposes an additional excise tax of one percent (1%) (hereinafter referred to as “additional excise tax”) on each transaction by which lodging by a vendor is furnished to transient guests for the period beginning November 1, 2007 and ending October 31, 2017.
(b) Extension of Additional Excise Tax. Pursuant to Section 5739.09(A)(6) of the Ohio Revised Code as amended by Am. Sub H. B. 49 of the 132nd General Assembly, in addition to the excise tax levied by Sections 703.03 and 703.035 of this Chapter, this Council hereby levies and imposes an additional excise tax of one percent (1%) (hereinafter referred to as "additional excise tax") on each transaction by which lodging by a vendor is furnished to transient guests for the period beginning November 1, 2017 and ending October 31, 2027.
(c) All receipts collected from the additional excise tax levied hereby shall be deposited in the Undivided Lodging Tax Fund.
(d) All the revenue from the additional excise tax, after deducting the real and actual costs of administering the tax, shall be used to pay the costs of improving, expanding, equipping, financing or operating a convention center by The Akron-Summit Convention & Visitors Bureau, Inc. On the 15th day, or if the 15th day is not a regular business day, then the first business day following such day, of the second month following each calendar quarter, the Fiscal Officer shall credit the County General Fund with an amount certified as the cost of the administration of the additional excise tax during the previous quarter and charge the Undivided Lodging Tax Fund with the actual administration costs of the additional excise tax.
(e) A claim for refund for taxes erroneously collected or paid pursuant to this section, certified by the Fiscal Officer for which his warrant is drawn, shall be paid from the Undivided Lodging Tax Fund.
(f) Pursuant to Section 5739.09(A)(6) of the Ohio Revised Code, it is the intent of this Council that all the revenue from the additional excise tax, levied hereby, after deducting the real and actual costs of administering the tax, shall be used to pay the costs of improving, expanding, equipping, financing or operating a convention center by The Akron-Summit Convention & Visitors Bureau, Inc. and that no portion of the revenue from the additional excise tax levied hereby shall be subject to distribution set forth in Section 703.12(c) of this chapter.
(g) The amounts allocated herein and hereby of the additional excise tax to The Akron- Summit Convention & Visitors Bureau Inc. are so appropriated thereto on condition that the corporation recognizes that the County's lodging industry which bears responsibility hereunder for the collection of the tax hereby levied, extends beyond the borders of the City of Akron and its downtown area and, therefore, undertakes to promote the purposes and premises of this chapter throughout the entire County so that the lodging industry of the County generally may share as equitably as possible in the benefits to be derived from the promotion of such purposes and premises.
(h) The Akron-Summit Convention & Visitors Bureau, Inc., shall present quarterly financial and performance reports, as well as an annual operations report each showing its use of the funds of the additional excise tax hereby appropriated by this section, to the Executive and Fiscal Officer, who shall be charged with the duty of inquiry examination of the work of The Akron-Summit Convention & Visitors Bureau, Inc., to the end that the intent and purposes of this section have been and are being satisfied.
(Ord. 2007-434. Adopted 8-20-07; Ord. 2017-316. Adopted 8-21-17.)