The tax, interest and penalty imposed by this subchapter shall be a continuing lien upon the property of any person subject to the provisions hereof who shall sell out its business or stock of goods, or shall quit business, and such person shall be required to make the return provided for in this subchapter within 30 days after the date it sold out its business or stock of goods, or quit business, and its successor in business shall be required to withhold sufficient of the purchase money to cover the amount of such tax, interest and penalty due and unpaid until such time as the former owner shall produce a receipt from the Treasurer showing that all tax, interest and penalty has been paid. If the purchaser of a business or stock of goods fails to withhold purchase money as hereby provided, and the tax, interest and penalty shall be due and unpaid after the 30-day period allowed, the successor shall be personally liable for the payment of the tax, interest and penally accrued and unpaid on account of the operation of the business by the former owner.
(1991 Code, § 6-44) (Ord. 070, passed 1-3-2008; Ord. 236, passed 5-18-2017)