BOOKS, RECORDS AND ACCOUNTS

Colorado Springs City Code ch. 2, art. 7, pt. 7

in effect

Colorado Springs City Code § 2.7.701 TAXPAYER TO KEEP

2.7.701: TAXPAYER TO KEEP: It shall be the duty of every person engaged in business in the City, for the transaction of which a license is required hereunder, and of every person purchasing tangible personal property or services subject to the tax imposed hereunder who has not paid the tax imposed to a person required or authorized to collect the tax, to keep and preserve, for a period of three (3) years, suitable records of all sales or purchases made by that person and other books or accounts as may be necessary to determine the amount of the tax for the collection or payment of which he is liable hereunder. Pursuant to subsection 2.7.106D of this article, if a taxpayer fails to file a return, the tax, with penalties and interest, may be assessed and collected at any time. (1968 Code §3-84; Ord. 76-168; Ord. 01-42)

Colorado Springs City Code § 2.7.702 PRESERVATION

2.7.702: PRESERVATION: It shall be the duty of every retailer and every person to keep and preserve for a period of three (3) years all invoices of goods and merchandise purchased for resale, and all books, invoices, and other records. Pursuant to subsection 2.7.106D of this article, if a taxpayer fails to file a return, the tax, with penalties and interest thereon, may be assessed and collected at any time. (1968 Code §3-84; Ord. 76-168; Ord. 01-42)

Colorado Springs City Code § 2.7.703 EXAMINATION

2.7.703: EXAMINATION: All records and other receipts, invoices and documents required to be kept hereunder shall be open for examination by the Director upon demand. (1968 Code §3-84; Ord. 76-168; Ord. 01-42)

Colorado Springs City Code § 2.7.704 KEEPING OUTSIDE CITY

2.7.704: KEEPING OUTSIDE CITY: If the retailer or other person keeps or maintains books, invoices, accounts or other records, or any portion thereof, outside the City, upon demand by the Director he shall make the same available at a suitable place within the City, to be designated by the Director, for examination, inspection and audit by the Director. The Director may make, permit, or cause to be made, the examination, inspection and audit of books, invoices, accounts and other records so kept or maintained by the retailer or the person outside the City or State of Colorado where the same will be made available, provided the books, invoices, accounts and other records are not otherwise made available to the Director at the time and place deemed suitable by the Director. In the event the examination, inspection or audit is found to be necessary by the Director under the terms hereof, the retailer or person, for whom the examination, inspection or audit is required, shall be liable to reimburse the City for all costs and expenses incurred by it in order to have the examination, inspection or audit conducted outside the City. (1968 Code §3-84; Ord. 76-168; Ord. 01-42)

Source: City of Colorado Springs, Colorado, City Code and City Charter (American Legal Publishing, codelibrary.amlegal.com)URL: https://codelibrary.amlegal.com/codes/coloradospringsco/latest/coloradosprings_co/0-0-0-3906Fetched: 11/1/2026