(A) The city, for the purpose of determining the correctness of any tax return, or for the purpose of an estimate of taxes due, may examine, or may cause to be examined by an agent or representative designated by the city for that purpose, any books, papers, records, or memoranda, including copies of the seller’s state and federal income tax return, bearing upon the matter of the seller’s tax return. All books, invoices, accounts, and other records shall be made available within the city limits and be open at any time during regular business hours for examination by the Administrator or an authorized agent of the Administrator.
(B) If the examinations or investigations disclose that any reports of the sellers’ filed with the Administrator pursuant to the requirements herein have shown incorrectly the amount of tax accruing, the Administrator may make such changes in subsequent reports and payments, or make such refunds, as may be necessary, to correct the errors disclosed by its examinations or investigations.
(C) (1) The seller shall reimburse the city for reasonable costs of the examination or investigation if the action disclosed that the seller paid 95% or less of the tax owing for the period of the examination or investigation.
(2) In the event that such examination or investigation results in an assessment by, and an additional payment due to, the city, such additional payment shall be subject to interest at the rate of 1% per month, or the portion thereof, from the date the original tax payment was due.
(D) If any taxpayer refuses to voluntarily furnish any of the foregoing information when requested, the city may immediately seek a subpoena from the City Municipal Court to require that the taxpayer or a representative of the taxpayer attend a hearing or produce any such books, accounts, and records for examination.
(E) Every seller shall keep a record in such form as may be prescribed by the city of all sales of marijuana and marijuana-infused products. The records shall, at all times during the business hours of the day, be subject to inspection by the city or authorized officers, or agents of the Administrator.
(F) Every seller shall maintain and keep, for a period of three years, or until all taxes associated with the sales have been paid, whichever is longer, all records of marijuana and marijuana-infused products sold.
(Prior Code, § 34.30)