1. (a) General. A taxpayer shall maintain and make available for examination on request by the board or its authorized representatives, records in the manner set forth at California Code of Regulations, Title 18, Section 4901

2. (b) Specific Applications. In addition to the record keeping requirements set forth in subdivision (a), suppliers shall comply with the following requirements. A supplier shall maintain complete records of all rack removals, sales, imports and exempt dispositions including exemption certificates, self-consumed fuel, inventories, purchases, receipts, and tank gaugings or meter readings, of motor vehicle and any other fuel that is required to be accounted for on the supplier's return or report. Such records include but are not limited to:

   1. (1) Refinery Reports related to the production of motor vehicle fuel.
   2. (2) Inventory reconciliation by location.
   3. (3) Storage inventory reports.
   4. (4) List of storage locations.
   5. (5) Tax returns from other states to support export claims.
   6. (6) Cardlock statements.
   7. (7) Calculations or formulas to support off-highway exempt usage.
   8. (8) First Taxpayer Reports.

Note: Authority cited: Section 8251, Revenue and Taxation Code. Reference: Sections 7403.2, 7651, 7652.5, 7652.7, 8253, 8301, 8302 and 8303, Revenue and Taxation Code.

History

1. New section filed 6-11-2002; operative 7-11-2002 (Register 2002, No. 24).

2. Amendment of section and Note filed 4-28-2003; operative 5-28-2003 (Register 2003, No. 18).