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If the purchaser of a business or stock of goods fails to withhold the purchase money as provided in section 130-75, and taxes are due and unpaid to the city after the ten-day period allowed by that section, he or she, as well as the previous owner, shall be personally liable for the payment of any taxes unpaid by the previous owner. All such taxes shall be remitted with such purchaser's next succeeding return. If the purchaser is not required by this article to file a return, he or she shall pay all taxes due by the 20th of the month following the month in which the ten-day period expired. Likewise, anyone who takes or acquires any real or tangible personal property of or used by any retailer under lease, title-retaining contract, or other contract arrangement, by purchase, foreclosure sale, or otherwise, takes such property subject to a the lien created in section 130-74(a) of this code for any delinquent taxes owed by such retailer and shall be liable for the payment of all such delinquent taxes to the extent of the value of the property so taken or acquired. (Code 1979, § 36-34; Ord. No. 2017-13, § 9, 4-3-2017)