(A) Every person owning, operating, managing or controlling any hotel shall collect the tax imposed in § 114.02 for the city.
(B) If a person who is liable for the payment of a tax under this subchapter is the owner of a hotel and sells the hotel, the successor to the seller or the seller's assignee shall withhold an amount of the purchase price sufficient to pay the amount due until the seller provides a receipt showing that the amount has been paid or to the Director of Finance a certificate showing that no tax is due.
(C) The purchaser of a hotel who fails to withhold an amount of the purchase price as required by this section is liable for the amount required to be withheld to the extent of the value of the purchase price.
(D) The purchaser of a hotel may request that the Director of Finance issue a certificate stating that no tax is due or issue a statement of the amount required to be paid before a certificate may be issued. The Director of Finance shall issue the certificate or statement not later than the 60th day after the date that the person receives the request.
(E) If the Director of Finance fails to issue the certificate or statement within the period provided by division (D), the purchaser is released from the obligation to withhold the purchase price or pay the amount due.
(F) Divisions (B), (C), (D) and (E) of this section apply to the withholding of an amount of a purchase price of a hotel by the owner of a hotel who is liable for the payment of hotel occupancy taxes without regard to whether the liability for the taxes arose before, on or after the effective date of this section.
('68 Code, § 26-13) (Ord. 11-1977-44, passed 11-8-77; Am. Ord. 9-1983-36, passed 9-13-83; Am. Ord. 9-1991-32, passed 10-8-91)