A. Every marijuana retailer must keep and preserve, in a generally accepted accounting format used for reporting revenue and taxes due on business activity, detailed records of all sales made and all taxes collected. Every marijuana retailer must keep and preserve such records for a period of six years. The tax administrator shall have the right to inspect all such records at reasonable times.

B. For purposes of determining the accuracy of any tax return or for the purpose of an estimate of taxes due, the tax administrator may examine any books, papers, records, or memoranda bearing upon the marijuana retailer’s tax returns, including copies of the marijuana retailer’s state and federal income tax returns and copies of the marijuana retailer’s state marijuana tax returns. All books, invoices and other records shall be made available within the city for examination by the tax administrator during regular business hours. [Ord. 921 § 4, 2016.]