(A) Local tax trustees shall submit a completed tax return form to the Tax Administrator for each calendar month by the fifteenth of the following month, accompanied by remittance of all tax collected, less a 5% administration fee. If the estimated monthly amount of average tax due is $100 or less, the local tax trustee has the option of filing the return and remitting the tax on a quarterly basis on the fifteenth day of the month following the end of each calendar quarter (April 15, July 15, October 15, and January 15). Local tax trustees shall also submit any tax that was due but not collected if the rent on which the tax is based was paid.
(B) The local tax trustee is entitled to the administration fee. If a transient lodging facility has multiple operators they are not entitled to retain additional fees.
(C) Remittances are delinquent if not made by the 15th day of the month in which they are due.
(D) Returns shall show the gross rents collected, taxable rents, the total amount of TLT collected and the amount of the administrative fee retained by the local tax trustee. Returns shall also show the exempt and excluded rents and the basis for exemptions and exclusions.
(E) Tax returns and remittances may be submitted in person or by mail. If the return and remittance is mailed the postmark shall be considered the date of delivery.
(F) The Tax Administrator may extend the time for making any return or remittance of the tax by up to 30 calendar days. No further extension shall be granted, except by the City Council. Any local tax trustee to whom an extension is granted shall pay interest at the rate of 3% per month on the amount of the remittance due without proration for a fraction of a month. If a return is not filed, and the remittance and interest due is not paid by the end of the extension granted, then the interest shall become a part of the room tax for computation of penalties.
(Ord. 565, passed 3-14-2022) Penalty, see § 113.99