(A) The Hotel/Motel Tax, pursuant to R.C. § 5739.09, shall be distributed as follows:
(1) The city shall retain 2½% of the gross receipts for incidental costs incurred in the collection of the hotel/motel tax.
(2) Twenty-five percent of the gross receipts, less the administrative costs above, shall be deposited in the Hotel/Motel Tax Fund; and thereinafter distributed to the Van Wert Area Convention and Visitors Bureau.
(3) The city shall distribute 50% of the gross receipts, less the aforesaid administrative costs, to the Economic Development Fund, payable as the taxes are received.
(4) The city shall distribute an additional 25% of the gross receipts, less the aforesaid administrative costs, to the Economic Development Fund, payable at the same time distributions are made pursuant to division (B) of this section.
(B) Distributions of hotel/motel tax revenues to the Van Wert Area Convention and Visitors Bureau shall be made no later than the last working day of the following months: March, June, September and December. These distributions shall include all monies received as of the date of the distribution.
(C) Any person or organization involved in charitable or religious activities that are exempt from the payment of sales tax shall be deemed exempt from the hotel/motel tax.
(1981 Code, § 38.01) (Ord. 6447-91, passed 3-11-1991; Am. Ord. 6454-91, passed 5-29-1991; Am. Ord. 6797-97, passed 7-28-1997; Am. Ord. 08-10-071, passed 11-10-2008)