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ORDINANCE NS-2162 Page 6 ' "~49 applied for, the finance director shall require that the succeeding operator produce a certificate of nonliability or other receipt issued by the finance director establishing that no unsatisfied liability for transient occupancy taxes exists. (d) It shall be unlawful and a misdemeanor to operate a hotel without a valid Transient Occupancy Registration Certificate or to fail to post the certificate issued in a conspicuous place at all times. Sec. 35-131. Reporting an4 remitting. Ail operators shall report and remit monthly the full amount of transient occupancy taxes collected for the previous month upon the appropriate approved form available from the finance director. Transient occupancy taxes shall be deemed to be collected at the time at which the rent is earned if the operator uses the accrual basis of accounting or the time at which rent is received if the operator uses the cash basis of accounting. The same basis of accounting used for keeping the books and records shall be used for reporting and remitting transient occupancy taxes. The finance director may establish shorter reporting periods for any certificate holder if he deems it necessary in order to insure collection of the tax, and he may require further information in the return. Returns and payments are due immediately upon cessation of business for any reason. Ail taxes collected by operators pursuant to this article shall be held in trust for the account of the city until payment thereof is made to the finance director. (a) Calendar Month Reporting Period. Each operator reporting on a calendar month basis shall, on or before the last day of the following month, make a return to the finance director on approved forms of the total taxable rents charged and the full amount of transient occupancy taxes collected for the previous month. At the time the return is filed, the full amount of the tax collected shall be remitted to the finance director. (b) Timely Returns. Returns and taxes remitted mgnthly and actually received by the finance director on or before the last day of the following month shall be deemed to be timely filed and remitted; otherwise, the taxes are delinquent and subject to the penalties imposed pursuant to section 35-132. Provided, however, that when the last day upon which a return may be filed and taxes remitted falls on a Saturday, Sunday, or city, state, or national holiday, a timely filing and remittance may be made upon the first following working day. Returns filed and taxes remitted by mail shall be deemed to be timely filed only if the envelope or similar container enclosing the returns and taxes is addressed to the finance 6