A. A transient lodging tax collector who collects tax on rental of privately owned camping or recreational vehicle spaces may hold the tax collected until the amount of money held equals or exceeds $100.00, regardless of the schedule established by the City for payment of the tax.

B. Once the amount held by a transient lodging tax collector equals or exceeds $100.00, or by December 31st of each year if the $100.00 threshold is not met, the transient lodging tax collector shall remit the tax collected at the next following reporting period established by the City for payment of the tax.

C. No penalty or interest shall be assessed against a transient lodging tax collector who withholds payments pursuant to this section. [BC 7.18.130, added by Ordinance No. 4687, 6/21/16]