§ 4.72.080. Reporting and remitting.

A.

Each operator shall, on or before the last day of each calendar month, prepare a tax return to the director of finance of the total rents charged and received and the amount of tax collected for transient occupancies for the preceding calendar month. At the time the tax return is filed, the full amount of tax collected for the preceding month shall be remitted to the director of finance.

B.

Operators whose annual tax debt to the city under this chapter is less than one hundred thousand dollars may elect to pay the taxes due under this chapter on a quarterly basis. These eligible operators shall, on or before the last day of the month following each calendar quarter, prepare a tax return to the director of finance of the total rents charged and received and the amount of tax collected for transient occupancies. At the time the tax return is filed, the full amount of the tax shall be remitted to the director of finance.

C.

Those eligible operators who choose to pay on a quarterly basis must state their intention by completing the necessary form provided by the director.

D.

All tax returns shall be completed on forms provided by the director.

E.

For purposes of this chapter, all payments made to each operator by credit card shall be deemed received and collected on the date that the credit card is presented as payment for transient occupancies.

F.

Tax returns and payments are due immediately upon cessation of business for any reason.

(Prior code § 13006; Ord. 24665.)