§ 18-36. Inspection of records.

It shall be the duty of all businesses subject to the tax and administrative fee imposed by section 18-33 hereof, with the exception of those businesses and practitioners electing to proceed under subsection 18-39(2) hereof, to maintain and to provide as a part of their business occupation tax registration such records as will establish gross receipts as herein defined, including, but not limited to, profit and loss statements prepared on a calendar year basis, and records that reflect the method of allocation of revenue for businesses and practitioners maintaining locations in other counties and municipalities, if applicable. Upon request, such businesses and practitioners shall also make available for inspection by representatives of the department of finance all reports submitted to the sales tax unit of the Georgia Department of Revenue showing sales taking place in Georgia and other tax returns showing gross receipts. Upon request, lending institutions and any other organization engaged in the lending of money at interest and/or for a fee or commission and otherwise subject to the requirements of this article shall provide, for each lending transaction, a loan term sheet or other summary showing the amount of such loan, the interest rate thereon, and total fees, interest and/or commissions to be charged on such loan, assuming payment in the normal course of business.

(Res. No. 06-0467, Exh. A, 5-3-06)