(A) There is hereby levied, under the provisions of R.C. § 5739.02C(1), an excise tax of 3% on transactions by which lodging by a hotel or motel is or is to be furnished to transient guests within the city.
(B) The excise tax shall be administered by the Auditor for the city, by collection and distribution of the same under the provisions of this chapter.
(C) All funds collected by the Auditor for the city for such excise tax, after deducting the real and actual costs of administering the tax, shall be distributed quarterly to the city.
(D) Regulations shall be adopted by this Council of the city to provide for the administration of the excise tax.
(Ord. 31-93, passed 11-10-93; Am. Ord. 1-2005, passed 2-9-05)