(A) The tax provided in this subchapter must be remitted to the county governing body or its treasurer on a monthly basis, when the estimated amount of average tax is more than $50 a month; on a quarterly basis when the estimated amount of average tax is $25 to $50 a month; and on an annual basis when the estimated amount of average tax is less than $25 a month.
(B) The county treasurer shall receive all proceeds and revenue from the county local hospitality tax, and deposit such proceeds and revenue in a separate fund segregated from the county general fund, to be known as the County Local Hospitality Tax Fund.
(1) All interest generated by the County Local Hospitality Tax Fund must be credited to the County Local Hospitality Tax Fund.
(2) The county treasurer is hereby authorized and directed to invest the County Local Hospitality Tax Fund in investments permitted for the investment of general county revenues under state statutes and laws.
(Ord. 4506, passed 11-6-06)