(A) Each holder of a local business tax receipt shall maintain complete and adequate records reflecting the receipt and disposition, at wholesale and retail, of all firearms (including firearms in an unassembled condition, but not including miscellaneous parts thereof) physically or constructively received or disposed of in the course of his or her business.
(B) Entries in such records shall be posted at the time of each transaction, or in each instance not later than the close of business on the day next succeeding the date on which the transaction occurs.
(C) The records prescribed in this section shall be retained on the business premises for a period of not less than ten years from the date of the transaction or until the discontinuance of business by the licensee.
(D) Where the business is discontinued and succeeded by a new holder of the local business tax receipt, the records will appropriately reflect such facts and will be delivered to the successor.
(E) Such records shall be open to police inspection at all times.
(F) Where discontinuance of the business is absolute, the records will appropriately reflect that fact and be disposed of in accordance with provisions of the Code of Federal Regulations covering such case.
(G) The records will show and include the following information:
(1) A full and adequate description of each firearm, including:
(a) The manufacturer thereof;
(b) The manufacturer’s serial number stamped thereon;
(c) The caliber or gauge of the firearm; and
(d) The model and type of firearm;
(2) The name and address of each person from whom the firearm was received, together with the date of acquisition; and
(3) The disposition made of each firearm, including the name and address of the person to whom sold and the date of disposition.
(‘72 Code, § 19-45) (Ord. O-72- 117, passed 6-28-72; Am. Ord. O-2007-07, passed 4-18-07) Penalty, see § 127.999