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TUESDAY, SEPTEMBER 12' 1989 <br /> <br />business, they shall collect only those daily rental taxes due <br />under the law in the time and manner prescribed by law, and <br />they shall remit all daily rental taxes collected or due and <br />owing to the City. <br /> <br />Sec. 21-65. Issuance and Effect of Certificate of Registration for <br />Short-Term Daily Rental Business. <br /> <br /> Upon approval of the application required by Section 21-64 <br />supra, by the Commissioner of the Revenue, a Certificate of <br />Registration shall be issued for each location from which a daily <br />rental business is to be conducted or operated in the City by the <br />applicant. The Certificate shall be conspicuously displayed at all <br />times at the place of business for which it is issued. The <br />Certificate is not assignable and shall be valid only for the person <br />in whose name it is issued and the place of business designated. <br /> <br />Sec. 21-66. Collection and Record-Keeping. <br /> <br />(a) Every person engaged in the short-term rental business with a <br />valid Certificate of Registration from the Commissioner of the <br />Revenue'shall collect this daily rental tax from the lessee of the <br />daily rental property at the time of the rental. <br /> <br />(b) The person collecting this tax shall maintain a record of all <br />rental transactions for which this tax is collected which record <br />shall contain: <br /> <br />(1) a description of the property rented; <br /> <br />(2) the period of time for which the property was rented; <br /> <br />(3) the name of the person to whom the property was rented; and <br /> <br />(4) the amount charged for each rental including all late <br /> charges, penalties and interest. <br /> <br />(c) Every person engaged in the short-term rental business shall <br />maintain a complete record of all exemptions from payment of t.his <br />tax granted to renters of short-term rental property including, in <br />addition to the information specified in subsection (b) of this <br />section: <br /> <br />(1) a copy of the Virginia Department of Taxation tax exemption <br /> certificate; or <br /> <br />(2) a copy of the U. S. State Department Tax Exemption <br /> Certificate which U. S. State Department card must specify <br /> the renter by name is exempt from Sales tax; or <br /> <br />(3) other explanation and proof of claimed exemption. <br /> <br /> <br />