Agenda - 10-13-2011 - 3 - Laserfiche WebLink

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8 ATTACffiV>t~NT C - 2 (cj A retailer must separately state the room-occupancy tax.. Room occupancy taxes paid to a retailerere-held in trust for and on account of the town. (d) The town shall design and fumisl~ ~ all appropriate businesses and_persons in the town the aecessaiy forms. for Sling returns and instructions to ensure the full- collection of the tax_ An operator of a business who collects a room occupancy tax may deduct tram the-amount remitted to the town a discount equal to the-discount the State allows the retailer for State sales and use tax. {e) As provided in G.S: 3.-60A-215{d), the tax levied by tlvs- Chapter sha11 be due and payable to the town finance officer in monthly installments- on- or before the 20~' day of the month following the month in whl-ch the tax accrues. Every person, Srm, corporation, or association-liable for-the tax shall, on or-before the 20~'-day of-each month, prepare and render a return on a form-pr~scn-bed by the town.. The return sbatl.state the total_gross receipts derived in .the preceding~onth from rentals upon: which the-ta~c is levied: A room occupancy tax return Sled wi#h the-town is not a public record-and-may not be disclosed except in accordance with- G.S. 160A-208.1. Section BA-3. Penalties. As provided in G.S. 160A-21 ~{e), a person, firm, corporation, or association who fails or refuses to file a room occupancy-tax return or pat a room occupancy tax as required by_ this Chapter shall be subject to the civil and criminal penalties set by G.S. 105-236 for faihire to pay or~le-a return for State sates and use taxes. The Board of Aldermen has the same authority to waive the penalties for a room occupancy tax that the Secretary of ,Revenue has to waive the penalties for.State sales and use taxes. Section 8A-4. Distributiotrand Use of Tax Revenue: The_town shall, on a quarterly~.basis, remit the net proceeds of the occupancy tax to the Carrboro Tourism Deve1-opment Authority (CTDA). The CTDA shall use at least two-thirds of the funds remitted to it under this section to promote travel and tourism in Carrboro and shall use the remainder for tourism related expenditures. The following definitions apply in this section: (1) Net Proceeds. Gross proceeds less the cost to the town of administering and collecting the #ax, as determined by the finance officer, not to exceed three percent (3%) of the fast five hundred thousand dollars ($500,000) of gross proceeds collected each year and one percent (1%} of the remaining gross receipts collected-each year. . (2) Promote travel and tourism To advertise or market an area or activity, publish and distribute pamphlets and other materials, conduct market research, or engage in similar promotional activities that attract tourists or business travelers to the area. The term includes administrative expenses incurred in engaging in these activities.