A. If a vendor liable for any amount of tax under this chapter sells out his business or stocks and goods, the vendee shall make an inquiry to the city clerk and withhold from the purchase price any amount of tax that may be due under this chapter until such time as the vendor produces receipt stating that no amount is due.
B. If the purchaser of business or stock of goods fails to withhold from the purchase price as above required, he is personally liable for the payment of the amount required to be withheld by him to be extended a purchase price valued in money. (Ord. 56D-5, 9-15-2015; amd. Ord. 56D-6, 8-31-2020)