Any person exercising any privilege taxable under this article who sells out his business or stock of goods, or ceases doing such business shall file the return prescribed by Section 757.16 and pay any tax that may be due within thirty days after selling out his business or stock of goods, or ceasing to do such business. The amount of tax due shall be a lien upon the property of such person.
The successor in business of any such person, or the purchaser of his stock of goods, shall investigate and withhold as much of the purchase money as is required to pay in full any tax, interest and penalties which may be due until the former produces a certificate from the City Clerk evidencing the payment thereof.
If the purchaser of a business or stock of goods fails to withhold purchase money as provided above and any such tax, interest and penalties remain unpaid after expiration of the thirty day period allowed for payment thereof, the purchaser shall be personally liable for the payment of all such tax, interest and penalties and the same shall be collected by the City Clerk in any manner provided by this article.
In the event a business subject to any tax imposed by this article is operated in connection with a receivership or insolvency proceeding, the Court under whose direction such business is operated may make provision for the payment of such taxes as they become due.
(Ord. 77-30. Passed 12-19-77.)