The tax imposed by this subchapter shall be a lien upon the property of any person subject to the provisions hereof who sells out his or her business or stock of goods or quits business, and such person is required to make the return provided for under § 39.038 within 30 days after the date he or she sold out his or her business or stock of goods or quit business, and his or her successor in business is required to withhold a sufficient amount of the purchase money to cover the amount of such taxes due and unpaid until such time as the former owner produces a receipt from the collector of business taxes showing that such taxes have been paid. If the purchaser of a business or stock of goods fails to withhold purchase money as above provided, and the taxes are due and unpaid after the 30-day period allowed, he or she shall be personally liable for the payment of the taxes accrued and unpaid on account of the operation of the business by the former owner. Such liability shall be established under the procedures as outlined in § 39.050.
(Ord. passed 12-18-1998)