§ 447. Rental, leasing, and licensing for use of real property: additional tax upon transient lodging.

In addition to the taxes levied as provided in Section 444, there is hereby levied and shall be collected an additional tax in an amount equal to five percent (5%) of the gross income from the business activity of any hotel engaging or continuing within the City in the business of charging for lodging and/or lodging space furnished to any transient. Fifty percent (50%) of the revenue derived from this additional tax imposed in this section shall be used for destination marketing to promote tourism and fifty percent (50%) shall be divided among tourism-related event support, tourism research, tourism-related capital projects, and other eligible uses as determined by city ordinance and state law.

(Ord. No. 2045, § 1, 9-6-88; Ord. No. 2291, § 9, 6-4-90; Ord. No. 3576, § 1, 5-17-04; Ord. No. 3692, § 1, 11-14-06; Ord. No. 3873, § 2, 11-3-09, eff. 7-1-10)