If a vendor liable for the tax sells the vendor's business or quits the vendor's business, the taxes and penalties imposed hereby prior to that time shall become due and payable immediately, and such vendor shall make a final return within fifteen days after the date of selling or quitting business. The successor vendor shall withhold a sufficient amount of the purchase money to cover the amount of such taxes, interest, and penalties due and unpaid until the former owner produces a receipt from the Fiscal Officer showing that the taxes and penalties have been paid, or a certificate indicating that no taxes are due. If the purchaser of the business fails to withhold purchase money, the purchaser shall be personally liable for the payment of the taxes and penalties accrued and unpaid during the operation of the business by the former owner.
(Ord. 2005-640. Adopted 12-19-05.)