A. Every transient lodging tax collector must collect the TLT at the time rent is paid, unless an exemption applies. If payment is by credit card, for purposes of this section, payment is made at the time credit card information is provided to the transient lodging tax collector, not when the transient lodging tax collector ultimately receives credit for the transaction. While holding the payment in trust for the city, a tax collector may commingle tax proceeds with the tax collector’s funds, but the tax collector is not the owner of tax proceeds, except that, when a return is filed, the tax collector becomes the owner of the collection reimbursement charge authorized to be retained. Transient lodging tax collectors may choose to file returns and remit payments based on amounts accrued but not yet collected. The tax collector is liable for any TLT that should have been collected from the occupant, except in cases of nonpayment of rent by the occupant. The tax collected or accrued by the tax collector constitutes a debt owing by the tax collector to the city.

B. Upon request of the city, transient lodging tax collectors must provide the following information for each transient lodging facility within the city for which the tax collector acts as a transient lodging provider or transient lodging intermediary: