§ 3.08.070. Sales of business or stock of goods—Final return.

Latest version.

If any seller liable for any tax, penalty, or interest levied in this chapter sells out his or her business or stock of goods or quits the business, the seller shall make a final return and payment within fifteen (15) days after the date of transferring or closing the business. The return shall include any sales made during liquidation. Successors or assignees, if any, shall withhold sufficient purchase money to cover the amount of taxes, penalties, and interest due and unpaid until the former owner produces a certificate issued by the city stating that no taxes, penalties, or interest are due. If the purchaser of a business or stock of goods fails to withhold the purchase money as above provided, he or she shall be personally liable for the payment of the taxes, penalties, and interest due on account of the operation of the business by any former owner.

(Prior code § 6.01.070)

                    
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