1-1 By: Cain S.B. No. 1667 1-2 (In the Senate - Filed March 9, 2001; March 14, 2001, read 1-3 first time and referred to Committee on Business and Commerce; 1-4 April 11, 2001, reported favorably by the following vote: Yeas 6, 1-5 Nays 0; April 11, 2001, sent to printer.) 1-6 A BILL TO BE ENTITLED 1-7 AN ACT 1-8 relating to records retained for taxation purposes by alcoholic 1-9 beverage permittees. 1-10 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: 1-11 SECTION 1. Section 206.01, Alcoholic Beverage Code, is 1-12 amended to read as follows: 1-13 Sec. 206.01. RECORDS. (a) A permittee who distills, 1-14 rectifies, manufactures, or receives any liquor shall make and keep 1-15 a record of each day's production or receipt of liquor and the 1-16 amount of tax stamps purchased by the permittee. A permittee other 1-17 than a retailer shall make and keep a record of each sale of liquor 1-18 and to whom the sale is made. Each transaction shall be entered on 1-19 the day it occurs. Permittees shall make and keep any other 1-20 records required by the commission. All required records shall be 1-21 kept available for inspection by the commission or its authorized 1-22 representatives for at least four years. All required records may 1-23 be retained in electronic or microfiche formats and may be retained 1-24 on or off the premises of the permittee, consistent with the 1-25 requirements of this section. 1-26 (b) No person may fail or refuse to make and retain for at 1-27 least four years any record required by this section. 1-28 (c) No person may fail or refuse to keep any record required 1-29 by this section open for inspection by the commission or its duly 1-30 authorized representatives during reasonable office hours. 1-31 (d) No person may knowingly, with intent to defraud, make or 1-32 cause to be made any false entry in any record required by this 1-33 section or with like intent, alter or cause to be altered any item 1-34 in one of those records. 1-35 SECTION 2. This Act take effect September 1, 2001. 1-36 * * * * *