§ 150-627. Records of purchases by dealers, etc.; inspection thereof; penalty.

Every dealer required to make a report and pay any tax under this article shall keep and preserve suitable records of the sales or purchases taxable under this article and such other books of account as may be necessary to determine the amount of tax due under this article and such other information as may be required by the director. Such records shall include but not be limited to individual receipts or copies thereof which must be presented to the customer upon each sale or a cash register tape totaled daily with the corresponding date marked thereon excepting vendors of food or drink not operating at a fixed location or any sales in conjunction with a permitted charitable event. Every dealer shall keep and preserve, for a period of three years, all invoices and other records of goods, wares and merchandise or other subjects of taxation under this article. All books, invoices and other records shall be open to examination, at all reasonable hours, by the director or any of his duly authorized agents. Failure of dealers to keep suitable records of sales or purchases for the three years as required herein, shall result in a penalty of $100.00 for each day the dealer is deficient of the mandated time required.

(Code 1956, § 56-53; M.C.S., Ord. No. 27051, § 1, 9-8-16)

State law reference

Similar provisions, R.S. 47:309.