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(a) In addition to any remedy provided elsewhere in this Code that may apply, the tax collector may apply the provisions of subsections (b) through (e) below concerning the collection of taxes when there is succession in and/or succession of business interest.
(b) The taxes imposed by this article are a lien on the property of any person subject to this article who sells his business, or quits his business for any reason whatsoever, if that person fails to make a final return and payment of the tax within fifteen (15) days after selling or quitting his business.
(c) Any person who purchases, or who acquires by foreclosure, by sale under trust deed or warranty deed in lieu of foreclosure, or by any other method, improved real property or a portion of improved real property for which the tax imposed by this article has not been paid shall be responsible for payment of such tax as a successor in interest.
(d) A person's successors or assignees shall withhold from the purchase money an amount sufficient to cover the taxes required to be paid, and interest or penalties due and payable, until the former owner produces a receipt from the tax collector showing that all city tax has been paid or a certificate stating that no amount is due as then shown by the records of the tax collector.
(e) If the seller of a business or stock of goods fails to obtain a certificate as provided by this section, the purchaser is liable for payment of the amount of taxes required to be paid by the former owner on account of the business so purchased, with interest and penalties accrued by the former owner or assignees.
(Ord. No. 7885, § 2, 8-3-92)