(a) If a person who is liable for the remittance of a tax under this article 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 remit the amount due until the seller provides a receipt by an individual designated by the city to provide the receipt showing that the amount has been remitted or to issue a certificate showing that no tax is due.
(b) 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.
(c) The purchaser of a hotel may request that the individual designated by the city to provide a receipt under subsection (a) above issue a certificate stating that no tax is due or issue a statement of the amount required to be remitted before a certificate may be issued. The individual designated by the municipality shall issue the certificate or statement not later than the sixtieth day after the date that the individual receives the request.
(d) If the individual designated by the city to provide a receipt under subsection (a) above fails to issue the certificate or statement within the period provided by subsection (c) above, the purchaser is released from the obligation to withhold the purchase price or remit the amount due.
(Ord. 13245, § 4, passed 11-18-1997; Ord. 20486-11-2012, § 7, passed 11-6-2012)
Editor’s note:
This section was designated as § 32-23 when enacted by Ord. 13245. It was redesignated by the editor in order to avoid conflicting with previously existing material. The section was subsequently amended under its current section number, as shown in the history note above.