§ 14612 Licensee Transaction Records

Food and Agricultural Code·California

AI SummaryVerified

This law says anyone with a license must keep a correct list of all sales or other taxable actions for at least three years, and the state secretary can look at those lists.

Key Takeaways

•Keep a true record of every taxable transaction.
•Store the records for at least three years after the transaction.
•The secretary can audit (inspect) those records.
•If you keep records somewhere else, you need the secretary’s permission.

Example

A grocery store sells food and keeps a notebook of every sale.

The store must write down each sale correctly, keep the notebook for three years, and let the secretary check it if asked.

AI-generated — May contain errors. Not legal advice. Always verify source.

Official Source

View on CA.gov

§ 14612 Licensee Transaction Records

Each licensee shall maintain in this state, or with the secretary’s permission, at another location, an accurate record of all transactions subject to assessment. These records shall be maintained for a period of not less than three years following the transaction and are subject to audit by the secretary. (Amended by Stats. 2005, Ch. 490, Sec. 13. Effective January 1, 2006.)

Last verified: January 10, 2026

Key Terms

licensee transactions subject to assessment secretary’s permission audit by the secretary

References

Official text at leginfo.legislature.ca.gov
California Legislature. Food and Agricultural Code. Section 14612.

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Key Takeaways

Example

Key Terms

Related Statutes

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