Agenda - 08-23-2011 - 8d - Laserfiche WebLink

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-3- filing such return or for paying-such tax, then-e shall be an additional tax, as a penalty, of five percent (St}- of -the tax -due,. in addition to the penalty -prescribed in secti-on 19-3 hereof, with an additional tax of- five. percent -(5i~} for each additional month or ~ractioa thereof until the tran- sient occupzncy tax is pafd. Sec. 29-5 Misdemeanor for willful Violation Any person, firm, corporation, or association which-wil-lful- 1~ attempts in any manner to evade the -occupancy tax or tyre requirement to make a return, and who willfully fails-to pay such tax or make and file-such return, shall, in addition to the-genalt;es prescribed in this ordinance, be guilty of a 3a3.sdemeanor,and shall- be punished by a fine not to txceed one- thousand -dollars ($1, 000} or by imprisonment not to .exceed six-months o= by=both- such fine-and..-i-~aprisoament. Sec. 19-5 Use and Distribution of Tax Revenue The Council -shall decide on the allocation of the revenues collected frcxa this tax annually durin4 #ts budgetfnq pr-oce-ss with particular cons-ide-ration given to providing funding for visitor information services- and support for cultural eventst-and-not less than ten percent (14#~-of the annual revenues ~shali be used for those purposes. Sec._ -19-7 Deductions and Re-funt~s~ During any ~aonth following n=month in which a hotel, motel, or inn has supplied a room to -the same- person for the 90th consecutive day, the hotel, motel or inn may apply to the Town Revenue Collector, on a form available from that office foz that purpose, for a deduction from transient occupancy taxes due that month in an amount equal to the tax previous- ly paid on the receipts from the rental of the rooan supplied for the peziod of 90 continuous-days or more if said rental is exeaapt froaz the sales tax under GS 105-164.4 (3y . A refund shall be issued by the Revenue Collector if no transient occupancy taxes are then due from which a deduc- tion could be taken.' SECTION- II All ordinances and clauses in conflict herewith are hereby repealed to the extent of said conflict. - SECTION III This ordinance shall become effective on July 1, 1967 or upon the effective date of the Act of the- North Carolina General Assembly authorizing this room occupancy tax, whichever is later. 25- This the 23rd dny of June, 198?.