(a) There is hereby imposed and levied in the Town, and shall be collected and paid, a two and one-half percent (2.5%) excise tax called the affordable housing short-term rental tax on the purchase price or other consideration paid or charged for any short-term rental unit.

(b) The affordable housing short-term rental tax imposed by this Article shall be separately stated on the invoice, bill, sales receipt or similar document illustrating the price or charge for the short-term rental unit provided to the consumer by the vendor.

(c) It is unlawful for any consumer, patron or other purchaser not to pay, or for any vendor not to collect and timely remit, the affordable housing short-term rental tax imposed by this Article. (Ord. 1498 §1 (Exh. A), 2019)