As Amended
SEC. 27-31-57. Power and authority of state tax commission; inspection of records; renewal or revocation of license.
The state tax commission shall have full power and authority to require the keeping of all records and the making of all reports necessary to the accomplishment of the purpose of sections 27-31-51 through 27-31-61, and all books and records of any licensee shall be subject to the inspection of duly authorized agents of the state tax commission and the ad valorem taxing authorities of the jurisdiction or jurisdictions wherein such licensee is located. Any license issued under the provisions of Sections 27-31-51 through 27-31-61 shall be subject to compliance with all rules and regulations as may be prescribed by the state tax commission. The violation by the licensee of any of such rules and regulations or the terms and provisions of said sections shall authorize the revocation of the license of any licensee by the state tax commission. In the event any license shall be revoked, then the exemption provided for therein shall thereby be annulled for the year in which such license may be revoked.
SOURCES: Codes, 1942, Sec. 9699-04; Laws, 1962, ch. 595, Sec. 4; 1981, ch. 419, Sec. 4, eff from and after January 1, 1982.