If any retailer liable for any amount under this Chapter sells out his business or stock of goods or quits the business, his successors or assigns shall withhold sufficient of the purchase price to cover such amount until the former owner produces a receipt from the Tax Commission showing that it has been paid or a certificate stating that no amount is due. (1973 Code §4.64.010)
If the purchaser of a business or stock of goods fails to withhold the purchase price as required, he becomes personally liable for the payment of the amount required to be withheld by him to the extent of the purchasing price, valued in money. Within sixty (60) days after receiving a written request from the purchaser for a certificate or within sixty (60) days from the date the former owner's records are made available for audit, whichever period expires later, but in any event not later than ninety (90) days after receiving the request, the Tax Commission shall either issue the certificate or mail notice to the purchaser at his address as it appears on the records of the Tax Commission of the amount that must be paid as a condition of issuing the certificate.
Failure of the Tax Commission to mail the notice will release the purchaser from any further obligation to withhold the purchase price as above provided.
The time within which the obligation of a successor may be enforced shall start to run at the time the retailer sells out his business or stock of goods or at the time that the determination against the retailer becomes final, whichever event occurs later. (1973 Code §4.64.020)