(A)   (1)   The Council does hereby impose the tax on any transaction in the county in which any room or rooms, lodgings, or accommodations are rented or furnished in any hotel, motel, boat motel, inn, college or university memorial union, college or university residence hall or dormitory, or tourist cabin for consideration, at a rate equal to 5% of the gross retail income derived from lodging income only which tax is in addition to the state retail tax imposed under I.C. 6-2.5, all as provided in I.C. 6-9-10. The tax shall be imposed and reported on forms approved by the County Treasurer and shall be paid monthly to the County Treasurer not more than 20 days after the end of the month the tax is collected.
      (2)   The tax does not apply to gross income received in a transaction in which:
         (a)   A student rents lodgings in a college or university residence hall while that student participates in a study for which the student received college credit from a college or university located in the county;
         (b)   A person rents a room, lodging, or accommodations for a period of 30 days or more; or
         (c)   A corporation, organization, or business exempt from the state gross sales tax rents a room, lodging, or accommodations.
   (B)   Council will send a certified copy of this section to the Commissioner of the Department of State Revenue immediately upon adoption of this section.
   (C)   The County Treasurer shall establish a Convention, Recreation, and Visitor Promotion Fund and shall deposit in this Fund all amounts he or she receives under this section.
   (D)   Money in the Convention, Recreation, and Visitor Promotion Fund shall be used solely to promote and encourage conventions, trade shows, special events, recreation, and visitors in and to the county, including administrative and other incidental expenses.
   (E)   This section shall be effective January 1, 1992.
(Ord. 4, passed 10-26-1991; Council Ord. 4, passed 10-26-1991)