(A) Any person exercising any privilege taxable under this subchapter who shall sell out their business or stock of goods, or shall cease doing such business, shall file the return prescribed by § 113.143 and remit the entire tax that may be chargeable against the taxpayer because of all business done, within 30 days after selling out their business or stock of goods, or ceasing to do such business. The tax imposed 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 the taxes and penalty which may be due until the former owner shall produce a receipt from the Finance Director evidencing the payment of such taxes and penalty. If the purchaser of a business of stock of goods shall fail to withhold purchase money as above provided, and the taxes and penalty shall remain unpaid after expiration of the 30-day period allowed for payment thereof, they shall be personally liable for the payment of all such taxes and penalty, and the same shall be recoverable by the Finance Director by action or suit as provided by § 113.155.
(Ord. passed 11-12-2019)