A. The annual assessment rate is two percent of gross short-term sleeping room rental revenue. Based on the benefit received, assessments will not be collected on: stays of more than thirty consecutive days; stays by any officer or employee of a federal, state, or foreign government who is exempt by reason of express provision of federal or state law or international treaty.

B. The assessments shall be used for the purposes set forth herein and any funds remaining at the end of any year may be used in subsequent years in which the PTID assessment is levied as long as they are used consistent with the requirements set forth herein.