(A) All persons, firms, organizations or other like or similar persons, groups or organizations doing business as motor courts, motels, hotels, inns or other like or similar accommodations businesses shall collect and pay transient room tax to the Treasury of the city on a monthly basis on or before the fifteenth of the next month immediately following the month in which the transient room taxes are collected and at the same time shall file a return on a form provided by the Commission for such purpose.
(B) The Mayor of Glasgow and the County Judge/Executive of Barren County, Kentucky, or their duly authorized agents, are empowered to examine the books, papers and records of any person, firm, organization or other like or similar accommodation business required herein to file a return. The examination shall be permitted in order to determine the accuracy of any return made, or if no return was made, to determine the amount of room tax due and owing.
(C) Any transient room tax imposed by this section remaining unpaid after it becomes due shall bear interest at the rate of 10% of the amount of the unpaid tax. In addition, any person who shall fail, neglect or refuse to properly complete and file a return as required herein or pay the tax imposed herein, or any portion thereof, shall be subject to a fine of not less than $25, nor more than $100 for each offense, or imprisonment of not more than 30 days or both fine and imprisonment for each offense.
(D) All transient room tax amounts collected by the city in the 15 day payment period as provided herein shall be paid over to the Glasgow/Barren County Tourist and Convention Commission within 30 days until the budget or the current fiscal year has been paid over to the Commission. Amounts received by the city during the fiscal year, and subsequent to the funding of the full approved budget of the Commission, shall be retained by the city in a separate fund, to be utilized only for the purpose of funding subsequent years’ approved Commission budget and/or expenditure by the city and Barren County for purposes permitted by KRS 91A.350, and jointly agreed upon by the Glasgow City Council and Barren County Fiscal Court. Late payments collected by the city shall be paid over to the Commission within 30 days after receipt, subject to same provisions contained in the preceding sentence.
