(a) Each operator shall on or before the last day of the month following the close of each quarter of the calendar year upon approval of the Finance Director, make a return to the Finance Director on forms provided by him or her, of total rents charged and received and the amount of tax collected for the transient occupancies. All claims for exemption from tax filed by occupants with the operator during the reporting period shall be filed with the report
(b) At the time the return is filed, the full amount of the tax collected shall be remitted to the Finance Director. The Finance Director may establish shorter reporting periods for any certificate holder if he or she deems it necessary to insure collection of the tax and he or she may require further information in the return if such information is pertinent to the collection of the tax. Returns and payments are due immediately upon cessation of business for any reason.
(c) All taxes collected by operators pursuant to this chapter shall be held in trust for the account of the City of Vermilion until payment thereof is made to the Finance Director. All returns and payments submitted to each operator shall be treated as confidential by the Finance Director and shall not be released by him or her except upon order of a court of competent jurisdiction or to an officer or agent of the United States, the State of Ohio, the County of Erie or Lorain or to comply with requirements of Ohio R.C. 149.43. A statement of account shall be furnished annually to all operators effective December 31 of the current year.
(Ord. 2019-7. Passed 2-25-19.)