§ 150-631. Other records to be kept by dealers.

(a)

Each dealer shall secure, maintain and keep, for a period of three years, a complete record of sales of services and tangible personal property received, used, sold at retail, distributed or stored, leased or rented, within the city by such dealer, together with invoices, bills of lading and other pertinent records and papers as may be required by the director for the reasonable administration of this article, and all such records shall be open for inspection to the director at all reasonable hours. Any dealer subject to the provisions of this article who shall violate this provision shall be guilty of a misdemeanor and upon conviction shall be punished as provided in section 150-727.

(b)

It is hereby declared to be the intention of this article to impose a tax on the gross proceeds of all leases and rentals of tangible personal property in this city, where the lease or rental is part of a regularly established business or the same is incidental or germane thereto.

(c)

For the purpose of compensating the dealer in accounting for and remitting the tax levied by this article, each dealer shall be allowed one percent of the amount of the tax due and accounted for and remitted to the director in the form of a deduction in submitting his report and paying the amount due by him; provided, the amount due was not delinquent at the time of payment.

(Code 1956, § 56-54)