(A) Every taxpayer who claims the credit herein provided shall maintain sufficient records to establish the following facts for each item of qualified property:
(1) Its identity;
(2) Its actual or reasonably determined cost (see § 110.44 of this chapter);
(3) The month and taxable year it was placed in service or use in the city;
(4) The amount of credit taken;
(5) The date it was disposed of or ceased to be qualified property for the tax credit; and
(6) The employment levels for the taxable quarter in which credit is being taken.
(B) Any taxpayer who does not maintain such records shall be treated as having forfeited the remaining tax credit herein provided for unless special arrangements have been made with the City Manager.
(Prior Code, § 745.36) (Ord. passed 3-18-2000)