There are hereby fixed and imposed the following transient lodging taxes on every licensee operating a transient lodging rental business in the city for the revenue and regulation in addition to all other license and business taxes now in effect:
A. Recreation Fund Transient Lodging Tax: A recreation fund transient lodging tax in the amount of fifteen percent (15%) of the gross income received by each licensee from a transient lodging rental business in the city.
B. Additional Tax For Transient Lodging Businesses: In addition to the tax imposed and set forth in subsection A of this section, there is fixed and imposed a tax on every licensee operating, conducting or engaging in a transient lodging rental business in the city at the rate of one percent (1%) of the gross income received or derived for transient lodging rentals from such endeavors, business or enterprise. Three-eighths (3/8) of the proceeds of said tax shall be paid to the department of taxation, state of Nevada, for the fund for the promotion of tourism established in Nevada Revised Statutes chapter 231; the remaining five-eighths (5/8) of all proceeds of the transient lodging tax shall be deposited with the Elko County recreation board created pursuant to Nevada Revised Statutes 244A.597 and 244A.599, to be used to advertise the resources of the county related to tourism, including, but not limited to, available accommodations, transportation, entertainment, natural resources, climate and to promote special events. This tax shall be collected and administered pursuant to Nevada Revised Statutes 268.096 and 268.0962. (Ord. 04-05, 12-7-2004)