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R5M-Resort Tax Ordinance -Weithorn-COMMISSION ITEM SUMMARY Condensed Title: An Ordinance Of The Mayor And City Commission Of The City Of Miami Beach, Florida, Amending The Code Of The City Of Miami Beach, Florida, By Amending Chapter 102 Entitled "Taxation," By Amending Article Iv Entitled "Resort Tax," By Amending Division 4 Entitled "Tax," By Amending Section 102-314 Entitled "Penalties And Interest," By Amending Subsection F Thereof Regarding The Establishment Of A Fixed Late Reporting Penalty For Annual Returns Filed Late Where No Tax Is Due ... Ke Intended Outcome Sup orted: Make City more business friendly. Supportin Data Surve s, Environmental Scan, etc. : 87% of businesses rated Miami Beach as one of the best, above avera Item Summary/Recommendation: The Administration recommends that the City Commission approve the item. The City of Miami Beach levies a three percent resort tax on the rent of every occupancy of a room or rooms in any hotel, motel, rooming-house, or apartment house in the city. Operators of the aforementioned establishments are responsible for the collection and reporting of taxes collected at their premises. This tax is imposed on any rents, paid by a lessee or occupant, for rental periods shorter than six months. All taxes collected by operators are required to be held in trust for the account of the city until payment thereof is made to the city. Each operator is required to file a return for each tax period even though no tax may be due. Operators that do not traditionally have rental periods shorter than six months are required to file on an annual basis as opposed to filing a monthly return. Annual returns are due May 20th of each year for the preceding tax period of May 1st through April 30th. The City currently assesses a late reporting penalty of $25 per month for annual resort tax returns that are filed late and where no tax is due to the City. These penalties are capped at $500.00 per return. Operators that have no resort tax to report and fail to file an annual return for several tax periods, may be penalized up to $500 for each annual report that is not filed timely. Advisory Board Recommendation: I N/A Financial Information: Source of Amount Funds: 1 L~ 2 3 4 OBPI Total Financial Impact Summary: City Clerk's Office Le islative Tracking: Patricia D. Walker, ext. 6461 Si n-Offs: Financial Officer GPE POW T:IAGENDA\2014\Februa MIAMI BEACH 706 Account Approved City Man JLM AGENDA ITEM ___.R~S ........ /'-1__,__ DATE z~ /2~/lf MIAMI BEACH City of Miami Beoch, 1700 Convention Center Drive, Miami Beach, Florida 33139, www.miamibeochfl.gov TO: FROM: Mayor Philip Levine and Member Jimmy L. Morales, City Manager COMMISSION MEMORANDUM of the ct;;mission DATE: February 12, 2014 SUBJECT: Resort Tax FIRST READING AN ORDINANCE OF THE MAYOR AND CITY COMMISSION OF THE CITY OF MIAMI BEACH, FLORIDA, AMENDING THE CODE OF THE CITY OF MIAMI BEACH, FLORIDA, BY AMENDING CHAPTER 102 ENTITLED "TAXATION," BY AMENDING ARTICLE IV ENTITLED "RESORT TAX," BY AMENDING DIVISION 4 ENTITLED uTAX,'' BY AMENDING SECTION 102- 314 ENTITLED "PENALTIES AND INTEREST," BY AMENDING SUBSECTION F THEREOF REGARDING THE ESTABLISHMENT OF A FIXED LATE REPORTING PENAL TY FOR ANNUAL RETURNS FILED LATE WHERE NO TAX IS DUE; PROVIDING FOR CODIFICATION; REPEALER; SEVERABILITY; AND AN EFFECTIVE DATE. ADMINISTRATION RECOMMENDATION Approve the Ordinance at First Reading and schedule a Second Reading Public Hearing for March, 2014. BACKGROUND The City of Miami Beach levies a three percent resort tax on the rent of every occupancy of a room or rooms in any hotel, motel, rooming-house, or apartment house in the city. Operators of the aforementioned establishments are responsible for the collection and reporting of taxes collected at their premises. This tax is imposed on any rents, paid by a lessee or occupant, for rental periods shorter than six months. All taxes collected by operators are required to be held in trust for the account of the city until payment thereof is made to the city. Each operator is required to file a return for each tax period even though no tax may be due. Operators that do not traditionally have rental periods shorter than six months are required to file on an annual basis as opposed to filing a monthly return. Annual returns are due May 201h of each year for the preceding tax period of May 1st through April 30th. The City currently assesses a late reporting penalty of $25 per month for annual resort tax returns that are filed late and where no tax is due to the City. These penalties are capped at $500.00 per return. Operators that have no resort tax to report and fail to file an annual return for several tax periods, may be penallzed up to $500 for each annual report that is not filed timely. 707 Commission Memorandum Resort Tax February 12, 2014 Page 2 of 2 Resort tax penalties are in place to encourage operators to file on a timely basis. Penalties and interest charges are in effect to penalize operators that collect resort taxes, but fail to remit payment to the City in a timely manner. An unintended consequence of the penalties in place for operators is the large penalty for annual filers with zero taxes to report. The Administration is recommending the City Commission review the penalties in place and levy a more appropriate penalty for offenses, and accordingly update Appendix A of the City Code. Administration is recommending the late reporting penalty be set at $50 for each annual resort tax return that is filed late and where no tax is due to the City. FISCAL IMPACT In accordance with Charter section 5.02, which requires that the "City of Miami Beach shall consider the long-term economic impact (at least 5 years) of proposed legislative actions," this shall confirm that the City Administration evaluated the long-term economic impact (at least 5 years) of this proposed legislative action, and determined that there will be no measurable impact on the City's budget. There are currently 1,062 operators that report on annual basis. Penalties collected from annual filers for the calendar year 2013 totaled $9,250. CONCLUSION The Administration recommends that the City Commission: 1. Approve the subject Ordinance at First Reading, and set a Second Reading Public Hearing for March, 2014; JLMIPDW/GPE/MM T:IAGENDA\2014\February\Resort Tax Annual Returns Penalty-MEMO 1st Read.docx 708 ORDINANCE TO BE SUBMITTED 709