HomeMy WebLinkAbout055 - 05/18/2010 - AMENDING SECTION 25-252 OF THE CITY CODE RELATING TO THE VENDOR FEE FOR COLLECTING AND REMITTING LOD ORDINANCE NO. 055, 2010
OF THE COUNCIL OF THE CITY OF FORT COLLINS
AMENDING SECTION 25-252 OF THE CODE OF THE CITY OF FORT COLLINS
RELATING TO THE VENDOR FEE FOR COLLECTING AND
REMITTING LODGING TAX
WHEREAS, Sections 25-252(a), (e), and (f) of the City Code authorize lodging providers
to retain three percent of the amount of lodging tax they collect for the City (the "Vendor's
Fee"); and
WHEREAS, the Vendor's Fee was originally adopted in recognition of the time and
effort expended by lodging providers to collect the City's lodging tax from their customers; and
WHEREAS, current business practices include automated accounting processes that have
significantly reduced the time lodging providers need to invest in collecting the City's lodging
tax; and
WHEREAS, the total amount currently retained by lodging providers is approximately
$25,000 per year; and
WHEREAS, the loss of this amount of lodging tax revenues has a negative effect on the
City and its citizens given the recent budget constraints; and
WHEREAS, the City incurs an administrative expense of approximately $5,000 per year
associated with monitoring the Vendor's Fee and eliminating the Vendor's Fee would eliminate
that expense; and
WHEREAS, the City Council believes it to be in the best interests of the City to
eliminate the Vendor's Fee and to utilize the resulting savings to help defray City expenses.
NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF
FORT COLLINS as follows:
Section 1. That Sections 25-252(a), (e), and (f) of the City Code are hereby amended
to read as follows:
Sec. 25-252. Payment of tax.
(a) Every lodging provider shall be liable and responsible for the payment of
an amount equal to three (3) percent of all proceeds derived from the providing of
lodging accommodations as established pursuant to § 25-242 and any such
lodging provider shall file a return each month with the Financial Officer on or
before the twentieth day of each month for the preceding month and remit any
amount equivalent to the lodging tax collected to the Financial Officer.
(e) No person other than the City may take enrichment from the collection or
payment of such tax or from liability for payment of the full amount of the tax as
levied by § 25-242 .
Section 2. That this Ordinance shall become effective on July 1, 2010.
Introduced, considered favorably on first reading, and ordered published this 4th day of
May, A.D. 2010, and to be presented for final passage on the;1ay of May, A.D. 2010.
May
ATTEST:
'City Clerk
Passed and adopted on final reading on the 18th day oPQQ., A.D. 2010.
Mayo
ATTEST:
City Clerk