§ 26-1274. Collection, return and remittance.

Every person engaged in the short-term rental business shall collect the rental tax from the lessee of the daily rental property at the time of the rental. The lessor of the daily rental property shall transmit a quarterly return to the Director of Finance, indicating the gross proceeds derived from the short-term rental business, and shall remit therewith the payment of such tax as is due for the quarter. The quarterly returns and payment of the tax shall be filed with the Director of Finance on or before April 15, July 15, October 15 and January 15 representing, respectively, the gross proceeds and taxes collected during the preceding quarters ending March 31, June 30, September 30 and December 31. The return shall be upon such forms and shall set forth such information as the Director of Finance may require, showing the amount of gross receipts and the tax required to be collected. The taxes required to be collected under this article shall be deemed to be held in trust by the person required to collect such taxes until remitted as required in this article.

(Code 1993, § 27-502; Code 2004, § 98-1004; Ord. No. 2010-36-42, § 1, 2-22-2010)

State Law reference— Similar provisions, Code of Virginia, § 58.1-3510.6(C).

(Code 1993, § 27-502; Code 2004, § 98-1004; Ord. No. 2010-36-42, § 1, 2-22-2010)

State law reference

Similar provisions, Code of Virginia, § 58.1-3510.6(C).