(A) Every person liable for a license tax under this subchapter, which is based on gross receipts or gross expenditures, shall keep all records and accounts necessary to compute and to verify the gross receipts or gross expenditures. All these records and accounts shall be open for audit and inspection by the Clerk/Treasurer or his or her authorized representative, and shall be maintained for 4 years.
(B) Each licensee whose license is based on gross receipts or gross expenditures shall submit to the Clerk/Treasurer, not later than
March 1
of each year, a report of gross receipts or gross expenditures for the preceding calendar year. This report shall be taken from the records and accounts kept in accord with division (A) of this section.
(C) In those cases in which the conduct of a business, profession, trade or occupation involves operations subject to more than 1 rate, or computed on more than 1 base, the licensee is hereby required to maintain separate accounts for each operation; provided, however, that the licensee may elect to maintain a single account for all operations taxed on gross receipts or gross expenditures, in which case the entire business taxed on gross receipts or gross expenditures shall be computed at the highest rate applicable to any part of the business taxed on gross receipts or gross expenditures.
(D) If any licensee shall fail or refuse to maintain the records and accounts required in this section, regularly supported by customary vouchers, the Clerk/Treasurer shall not issue or renew any license until the records of the gross receipts or gross expenditures have been supplied to the Clerk/Treasurer.
(1997 Code, § 18-43) (Ord. passed 5-31-1983; Am. Ord. passed 3-10-2020)