Any person, firm or corporation within the city engaging in the business of selling any and all kinds of goods, wares and merchandise, whether raw materials or finished products, or both, from a regularly established place of business maintained within the city shall pay on the first day of January
of each year an annual occupation tax to be based on the gross value of the average stock inventory for the preceding year, as set out in § 110.12. The value of the goods shall be the price paid therefor by the taxpayer. Said inventory shall be furnished to the city in a sworn affidavit setting forth the amount of such average inventory. The Clerk-Treasurer or a duly authorized deputy shall have the right to check and audit the stock, books, records of any person, firm or corporation subject to the license fees as provided in this section. Should any person, firm or corporation refuse to allow the Clerk-Treasurer to examine the stocks, books and records, the Clerk-Treasurer shall refuse to issue a license to such person, firm or corporation, provided, however, if a license has been issued the Clerk-Treasurer shall immediately revoke such license under such circumstances.
(Ord. 237, passed 11-13-95)