The tax imposed by this article shall be a lien upon the property of any person subject to the provisions hereof who shall sell out his or her business or stock of goods or shall quit business, and such person shall be required to make the return provided for under § 745.04 of this article within 30 days after the date he or she sold out his or her business or stock of goods or quit business, and his or her successor in business shall be required to withhold a sufficient amount of the purchase money to cover the amount of such taxes due and unpaid until such time as the former owner shall produce a receipt from the Recorder showing that the taxes have been paid. If the purchaser of a business or stock of goods shall fail to withhold purchase money as above provided, and the taxes shall be due and unpaid after the 30-day period allowed, he or she shall be personally liable for the payment of the taxes accrued and unpaid on account of the operation of the business by the former owner.
(Ord. passed 6-30-1971; Ord. 1990-05, passed 6-12-1990)