If any employer who or which is liable for tax obligations imposed by this chapter undergoes a fundamental change, then the employer and its manager shall be liable for taxes due up to the date of the fundamental change.  Taxes and final tax returns shall be due immediately after the fundamental change.  A successor employer shall withhold from any purchase price that the successor owes to the predecessor an amount sufficient to pay all unpaid taxes, interest and penalties which the predecessor employer owes pursuant to this chapter.  the successor employer shall make such withholding until such time that the predecessor employer has paid such taxes, interest and penalties.  If the successor fails to withhold such amount, then the successor and, in a personal manner, the successor’s manager shall be jointly and severally liable for the payment of such taxes, interest and penalties.
(Ord. 06-65.  Passed 6-7-06.)