If the purchaser of a hotel fails to withhold from the purchase price as required, he or she shall become personally liable for the payment of the amount required to be withheld by him or her to the extent of the purchase price, valued in money. Within 60 days after receiving a written request from the purchaser for a certificate, or within 60 days after the date the records of the former owner are made available for audit, whichever period expires last, but in any event not later than 90 days after receiving the request, the Tax Administrator shall either issue the certificate or mail a notice to the purchaser at his or her address as it appears in the records of the Tax Administrator of the amount which shall be paid as a condition of issuing the certificate. Failure of the Tax Administrator to mail the notice will release the purchaser from any further obligation to withhold the purchase price as provided in this article. The time within which the obligation of the successor may be enforced shall start to run at the time the operator sells his or her business or at the time the determination against the operator becomes final, whichever shall last occur.
(1966 Code, § 17A-21) (Ord. 499, § 21)