Each operator, shall, within fifteen days of the end of the previous month, provide a report to the tax administrator of the total rents charged and received and the amount of tax collected for transient occupancies during the previous month. At the time the report is filed, the full amount of the tax collected shall be remitted to the tax administrator. If the full amount of tax collected the previous month is not remitted to the tax administrator within fifteen days of the end of the previous month, all or a portion of tax not remitted shall be delinquent and subject to penalties and interest. The tax administrator may establish a different reporting and delinquency period for any certificate holder if deemed necessary in order to insure collection of the tax and may require further information in return. Returns and payments are due immediately upon cessation of business for any reason. All taxes collected by the operators pursuant to this chapter shall be held in trust for the account of the city until payment thereof is made to the tax administrator. (Ord. 1829 NCS §2, 1990; Ord. 781 NCS §1; prior code §23.19.)