If any person subject to any tax administered under this article sells out his or its business or stock of goods, or ceases doing business, any tax, penalties and interest imposed by this article shall become due and payable immediately, and such person shall, within thirty (30) days after selling out his or its business or stock of goods or ceasing to do business, make a final return and pay any tax that may be due. The unpaid amount of any such tax shall be a lien upon the property of such person.
The successor of any person selling his/her business or stock of goods shall withhold so much of the purchase money as will satisfy any tax, penalties and interest which may be due until the former owner shall produce a certificate from the Director of Finance evidencing the payment thereof. If the purchaser of a business or stock of goods shall fail to withhold purchase money as provided above, and if any such tax, penalties and interest remain unpaid after the expiration of the thirty (30) day period allowed for payment thereof, the purchaser shall be personally liable for the payment of any such tax, penalties; and the same shall be recoverable by the Director of Finance. (Ord. 1-7-03.)