If any buyer of raw seafood products, any seller or other person required to collect a tax under this chapter leases or in any other manner disposes of the business or if the business is transferred voluntarily or involuntarily, the person selling, leasing or otherwise transferring the business shall make or deliver to the city within 15 days of the date of the sale, lease or other transfer a final sales tax return. The purchaser, lessee or other successor or assign shall withhold a sufficient portion of the purchase or lease money to cover the amount of the tax required to be collected under this chapter, penalties and interest as may be due on unpaid taxes to the city until such time as the former owner has produced a receipt from the city showing that all tax obligations imposed by this chapter have been paid through the date of sale, lease or other transfer. The purchaser, lessee or other transferee or successor-in-interest of a business required to collect the tax under this chapter shall be liable for all taxes required to have been collected by the former owner but not paid over to the city and shall be liable for all penalties and interest on such unpaid taxes and on late or unfiled returns.
(Ord. 89-02 § 4, 1989)