A. The operator shall report and pay the tax on the same basis, cash or accrual, as the operator uses for reporting federal income tax.

B. All operators shall add the tax herein imposed to the room price or charge and shall show the tax as a separate and distinct item; except that, if the tax is included in the price of the room, the operator shall clearly provide the guest with information that the tax is included in the room price.

C. Upon collection by the operator of the taxes imposed herein, title to the collected taxes vests in the Borough.

D. It is the duty of every operator engaged or continuing in business in the Borough to keep and preserve suitable records of all rentals and such other books or accounts as may be necessary to determine the amount of tax for the collection of which the operator is liable hereunder. It shall be the duty of every such person to keep and preserve all rent invoices for a period of six years from the date filed with the director. All such books and invoices shall be made available to the director for examination upon request.

E. For the purpose of ascertaining the correctness of a report, or for the purposes of determining the amount of tax collected or which should have been collected by any operator, the director may conduct investigations and/or hearings concerning any matters covered by this chapter, and may examine any relevant books, papers, records, or memorandum of any operator, and may require the attendance of an operator or any officer, agent or employee of the operator.

F. Any person acquiring an ownership interest in an ongoing business or the accounts receivable of a business, whether by purchase, assignment, foreclosure, relinquishment, or otherwise, is liable for the payment of taxes, penalties, and interest accruing and unpaid to the Borough on account of the operation of the business by the former owner. (Ord. 2018-09 § 2, 2018; Ord. 2014-12 § 5, 2014; Ord. 2002-39 § 2, 2002. 2004 Code § 3.58.050.)