No person, firm or corporation shall conduct an athletic contest or exhibition for gain without first obtaining a license as required pursuant to Articles 1 and 2 of Chapter
9 of this Code.
A tax is imposed upon all persons conducting an athletic contest
or exhibition for gain based on the gross receipts derived from the
sale of admission tickets at a rate of 3% of the gross receipts.
Any person conducting an athletic contest or exhibition shall
submit to the Village Treasurer a statement, verified under oath,
of the gross receipts of each such contest or exhibition, within one
week after such contest or exhibition has occurred. Said statement
shall be accompanied by the payment of a sum equal to 3% of the gross
receipts.
For the purpose of enabling the Village to inform itself of
such gross receipts, the person liable for the tax shall keep complete
and accurate books, records and accounts in detail of all such gross
receipts. The Village Treasurer, or his or her designated agent, may
examine, on demand, all such books, records and accounts pertaining
to such contest or exhibition so held.