(A) It shall be the duty of every person liable for the collection and payment to the county of any tax imposed by this article to keep and preserve, for a period of at least seven calendar years, all records as may be necessary to determine the amount of such tax as they may have been liable for the collection of and payment to the county, which records the Treasurer-Tax Collector or their designee shall have the right to inspect at all reasonable times, including, but not limited to, records containing information related to the amount of cannabis and/or cannabis products sold and/or transferred. Said records shall be full, true, and accurate.
(B) The Treasurer-Tax Collector shall have the power to audit and examine all books and records of persons engaged in cannabis business activities, including both state and federal income tax returns, state sales tax returns, or other evidence documenting the square footage of canopy and/or gross receipts of persons engaged in cannabis business, and, where necessary, all equipment of any person engaged in cannabis business activities in the county, for the purpose of ascertaining the amount of cannabis business activities tax, if any, required to be paid by the provisions of this article, and for the purpose of verifying any statements or any item thereof when filed by any person pursuant to this article.
(C) Upon demand by the Treasurer-Tax Collector, each person liable for the collection and payment to the county of any tax imposed by this article shall make the records, together with any track and trace reports, shipping documents, or sales invoices pertaining to such cannabis and/or cannabis products available for inspection by the Treasurer-Tax Collector at all reasonable times.
(D) If any person refuses to make available for audit, examination, or verification such books, records, or equipment as the Treasurer-Tax Collector requests, the Treasurer-Tax Collector may, after full consideration of all information within their knowledge concerning the cannabis business activities of the person so refusing, make an assessment in the manner provided in § 5.03.185 of any taxes estimated to be due. The Treasurer-Tax Collector may collect a fee adopted by the Board of Supervisors to pay for the cost of examination and audit should the books and records be provided in a form insufficient to allow the Treasurer-Tax Collector to make a determination of tax due.
(Measure C Initiative, adopted 2018)