Every person who is assessable with a license tax or fee shall keep sufficient records
and other information to enable the commissioner of the revenue to verify the correctness
of the tax paid for the license years assessable and to enable the commissioner of
the revenue to determine what is the correct amount of tax or fee that was assessable
for each of those years. All such records and other information shall be open to inspection
and examination by the commissioner of the revenue. The commissioner of the revenue
shall provide the licensee with the option to conduct the audit in the licensee's
local business office, if the records or other information are maintained there. In
the event the records and other information are maintained outside the county, copies
of the appropriate records and other information shall be sent by the licensee to
the office of the commissioner of the revenue upon demand.
