This chapter is hereby declared to be the responsibility of the Director of Finance to administer. The Director shall have the power to adopt and promulgate such rules and regulations as he may deem necessary to carry out the provisions of this chapter.
Each person required by this chapter to collect and pay or to pay the taxes imposed hereby shall keep such records of receipts, issuance of complimentary tickets and otherwise, together with ticket stubs and other pertinent documents, in such form as the Director may by such regulations require. Such records and other documents shall be open at any time during business hours to the inspection of the Director and shall be preserved for a period of three years, unless the Director shall in writing consent to their destruction within that period, or in writing require that they be kept longer. The Director may require any person required by this chapter to collect and pay or to pay the tax hereby imposed to file with him a bond, with security to the approval of the Director may fix, conditioned for the collection and payment or the payment of any such taxes due or which may become due from such person. Such bond when approved by the Director shall be deposited in the office of the Director. In lieu of such bond, securities approved by the Director may be deposited with the Director and shall be kept by the Director as security for the payment of such tax, interest or penalty, or both. The Director may sell any securities so deposited with him at public or private sale without notice to the depositor thereof, if it becomes necessary to do so in order to recover the amount of such tax, interest or penalty, or both, due or unpaid. Upon any such sale the surplus, if any, above such amounts so due and unpaid shall be returned to the depositor of the securities.
The Director may by such regulations permit any person making a refund of any payment upon which a tax is collected under this chapter to repay therewith the amount of the tax collected on such payment, and provide for the crediting of the amount so repaid against amounts included in any subsequent return. (Ord. 1947-13. Passed 9-1-47.)