§ 8-7. Record-keeping and audits.

(a)

Every person who is assessable with a license tax shall keep sufficient records to enable the treasurer to verify the correctness of the tax paid for the license years assessable and to enable the treasurer to ascertain what is the correct amount of tax that was assessable for each of those years. All such records, books of accounts, and other information shall be open to inspection and examination by the treasurer in order to allow the treasurer to establish whether a particular receipt is directly attributable to the taxable privilege exercised within the town. The treasurer shall provide the taxpayer with the option to conduct the audit in the taxpayer's local business office, if the records are maintained there. In the event the records are maintained outside of the town, copies of the appropriate books and records shall be sent to the treasurer's office upon demand.

(b)

In the interest of privacy, the gross receipts line listed with a federal tax return schedule is used to determine assessment. Any and all other financial information may be blacked out or stricken from view. The taxpayer may cut the section out below the gross receipt line to ensure his privacy. This privacy statement is applicable regardless of the type of business.

(Comp. Ords., § 11.6)

(Comp. Ords., § 11.6)