§ 39.084 TAXPAYER’S RESPONSIBILITY TO KEEP RECORDS OF INVESTMENT CREDIT.

   It is the taxpayer’s responsibility to keep adequate records to establish the following facts for each item of qualified property:

   (A)   Its identity;

   (B)   Its actual or reasonably determined costs;

   (C)   The month and year of operation the business began, or the date that expansion of the business was completed;

   (D)   The date on which the business elected to begin taking the allowable tax credit;

   (E)   The amount of tax credit taken; and

   (F)   The employment levels including gross payroll for the taxable quarter in which credit is being taken.

(Ord. passed 12-18-1998)