§ 114-99. Statement required; penalties and interest charges.

(a)

On or before the 20th day of each month following the effective date of this article, each hotel owner or operator responsible for collecting the fee shall transmit to the board or its designee a statement indicating the number of occupied rooms per night and the amount of fee revenues recouped pursuant to this article for the preceding calendar month. Along with said statement, the hotel owner or operator shall submit to the board or its designee the fee revenues due for that particular month.

(b)

Failure to remit fee revenues by the due date shall subject the hotel owner or operator to a penalty of five percent of the fee amount then due and, in addition to such penalty, interest on the unpaid principal amount due, computed at the rate of one percent per month or fraction thereof from the due date of the fee revenues.

(Amd. of 2-25-14)