ARTICLE I. BUSINESS LICENSE TAX IN GENERAL; ADMINISTRATION

Sec. 14-8. Record keeping requirements.

(a) Each licensee whose license is measured by gross receipts shall submit to the commissioner of the revenue, not later than March 1 of each year, a return verified by oath of the licensee's gross receipts for the preceding license year.

(b) Every person liable for a license tax under this chapter which is based on gross receipts shall keep all records and accounts necessary to compute and to verify such gross receipts and the report of such gross receipts shall be taken from such records. All such records and general books of accounts shall be open to inspection and examination by the commissioner of the revenue or his authorized agent and shall be maintained for three (3) years following any license year. The commissioner of the revenue shall provide the taxpayer with the option to conduct the audit in the taxpayer’s local business office, if the records are maintained there. In the event the records are maintained outside the County, copies of the appropriate books and records shall be sent to the commissioner of revenue’s office upon demand.

(c) Every person who fails to keep books and records as required by this section shall be deemed to be in violation of this chapter and subject to the penalties set forth in section 14-11.