It shall be the duty of every person engaged in business in the City, for the transaction of which a license is required hereunder, and of every person purchasing tangible personal property or services subject to the tax imposed hereunder who has not paid the tax imposed to a person required or authorized to collect the tax, to keep and preserve, for a period of three (3) years, suitable records of all sales or purchases made by that person and other books or accounts as may be necessary to determine the amount of the tax for the collection or payment of which he is liable hereunder.
Pursuant to subsection 2.7.106D of this article, if a taxpayer fails to file a return, the tax, with penalties and interest, may be assessed and collected at any time. (1968 Code §3-84; Ord. 76-168; Ord. 01-42)