Section 10-46C-10 - Records to be kept by taxpayer--Inspection by secretary--Retention of records.
10-46C-10. Records to be kept by taxpayer--Inspection by secretary--Retention of records. Each person subject to tax or responsible for payment of tax under this chapter shall keep records and books of all receipts and sales, together with invoices, bills of lading, copies of bills of sale, and other pertinent papers and documents. Such books and records and other papers and documents shall, at all times during business hours of the day, be subject to inspection by the secretary of revenue and regulation or the secretary's duly authorized agents and employees to determine the amount of tax due. Such books and records shall be preserved for a period of three years unless the secretary of revenue and regulation, in writing, authorized their destruction or disposal at an earlier date.
Source: SL 2002, ch 65, § 11; SL 2003, ch 272, § 82.