(A) If any person subject to the tax administered under this article sells out his or her business or stock of goods, or ceases doing business, any tax, penalties and interest imposed by this article shall become due and payable immediately, and such person shall, within 30 days after selling out his or her or her business or stock of goods or ceasing to do business, make a final return and pay any tax that may be due. The unpaid amount of any such tax shall be a lien upon the property of such person.
(B) The successor in business of any such person shall withhold so much of the purchase money as will satisfy any tax, penalties and interest which may be due until the former owner shall produce a certificate from the Finance Director evidencing the payment thereof. If the purchaser of a business or stock of goods shall fail to withhold purchase money as provided above, and if any such tax, penalties and interest remain unpaid after expiration of the 30-day period allowed for payment thereof, the purchaser shall be personally liable for the payment of any such tax, penalties and interest, and the same shall be recoverable by the Finance Director.
(Ord. 1276, passed 6-29-00)