ORDINANCE NO. 21-58

ESTABLISHING A HOTEL/MOTEL EXCISE TAX PURSUANT TO

ORC 5739.08(A) AND DECLARING AN EMERGENCY

Sponsored By: Haney

 

Whereas Section 5739.08(A) of the Ohio Revised Code permits a municipal corporation to levy an excise tax not to exceed three percent (3%) on transactions by which lodging by a hotel/motel is furnished to transient guests, and

Whereas it would be in the best interest of the City of Ironton, Ohio to establish such a tax in order to improve its revenue stream,

NOW THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF IRONTON, OHIO:

Section 1: That a three percent (3%) excise tax is hereby levied on all transactions by which lodging by a hotel or motel is or is to be furnished to transient guests on all hotels and motels situated in the municipal corporation limits of the City of Ironton, Ohio.

Section 2: Said tax is to be collected by the hotel or motel and paid to the Ironton Finance Department by the 10th day of each month for the preceding month’s transactions.

Section 3: That the funds collected from said tax shall be divided by placing 50% into Fund 30 “Community Development and Improvement” and 50% into Fund 32 “Economic Development.”

Section 4: That this Ordinance is hereby declared an emergency measure necessary for the protection of the public peace and welfare of the citizens of the City of Ironton, Ohio.

Adopted this                day of                                                              2021 at Ironton, OH.