Sec. 4-2-280. Audit of record.
(a) For the purpose of ascertaining the correct amount of tax due from any person engaged in business in the Town, the Finance Director may authorize an agent to conduct an audit by examining any relevant books, records and accounts of such person.
(b) All books, accounts and records shall be available at any time during regular business hours for examination by an authorized agent of the Finance Director. If any taxpayer refuses to voluntarily furnish any of the foregoing information when requested by the Finance Director, the Finance Director may issue a subpoena to require that the taxpayer or his or her representative attend a hearing or produce any such books, accounts or records for examination.
(c) Any tax deficiency or overpayment ascertained through audit shall be computed by one (1) or more of the following methods as the Finance Director deems appropriate:
(1) By comparing the tax reported and paid on returns to the actual tax due.
(2) By identifying transactions on which the tax was not properly or accurately collected or paid.
(3) By identifying other irregularities in the calculation of tax due.
(d) Any charitable organization claiming exemption under the provisions of this Article is subject to audit in the same manner as any other person engaged in business in the Town. (Ord. 1263, 2007)