Taxpayers' Returns And Records

(1) All persons liable for business tax shall make complete reports of all sales and other business receipts and list any deductions which they are entitled to make for each separate place, location, or outlet in the State, and submit them on their business tax returns as provided for in the Business Tax Act and the Rules and Regulations relating thereto. Sales and receipts which are excludable, as provided for in the Act and these Rules and Regulations, shall not be included in the gross sales reported; but allowable deductions shall be included in the gross sales reported and listed as a deduction on the business tax return and so treated in computing and paying business tax due. (2) Persons with two or more business locations in a city and/or county may, upon request to and approval by the Commissioner, file consolidated tax returns, provided only, however, that such businesses are taxable under the same classification and at the same tax rate. Such person must maintain in its books and records information necessary to determine tax liability at each location.