(A) (1) Persons buying a hotel must retain out of the purchase price an amount sufficient to cover any delinquent hotel occupancy taxes that are due to the city.
(2) If the buyer does not remit to the city such amount or show proof that the hotel is current remitting its hotel occupancy taxes, the buyer becomes liable for any delinquent hotel occupancy taxes due on the purchased hotel.
(B) The purchaser of a hotel may request the city to provide a receipt showing that no hotel occupancy tax is due on the property to be purchased. The city is required to issue the statement not later than the sixtieth day after the request. If the city fails to issue the statement within the deadline, the purchaser is released from the obligation to withhold the amount due from the purchase price.
(Ord. 1204-2, passed 12-13-2004)