In any case the city clerk, through its officers, agents, employees, or representatives,
may inspect the books of the business for which the returns are made. The city clerk,
officer, agent, employees, or representatives shall have the right to inspect the
books or records for the business of which the return was made in the city, and upon
demand of the city clerk such books or records shall be submitted for inspection by
a representative of the city within 30 days. Failure to submit such books or records
within 30 days shall be grounds for revocation of the tax registration currently existing
to do business in the city. Adequate records shall be kept in the city, for examination
by the city clerk at that offices discretion. If, after examination of the books or
records, it is determined that a deficiency occurs as a result of under reporting,
a penalty of 125 percent of the prime interest rate times the amount deficient in
U.S. dollars will be assessed for the period delinquent. For purposes of this section,
the prime interest rate shall be that which is published by The Wall Street Journal
on the first business day of the year in which the underreporting is identified.
(Ord. No. 222-99, § 7-1-26(b), 6-21-1999)
var val = document.getElementById('citecontent').innerHTML;
art.dialog.defaults.title = window.location.href;
art.dialog.data('cite', val);
art.dialog.data('homeDemoPath', '/Scripts/plus/artDialog/');
art.dialog.open('/Scripts/plus/artDialog/citeiframe.html');
