(a) Any person contracting in excess of fifty thousand dollars ($50,000) with a nonresident contractor subject to taxes imposed by Section 737.13, shall withhold payment, in the final settlement of such contract, of such sufficient amount, not exceeding six percent (6%) of the contract price, as will in such person's opinion be sufficient to cover such taxes, until the receipt of a certificate from the City Treasurer to the effect that the above-referenced taxes imposed against the nonresident contractor have been paid or provided for. This requirement shall not apply to residential single-family construction.
(b) If any person fails to withhold as provided herein, such person shall be personally liable for the payment of all such taxes attributable to the contract not to exceed six percent (6%) of the contract price. The same shall be recoverable by the City Treasurer by appropriate legal action.
(Ord. 1494. Passed 7-5-85.)