(a) If the holder of a certificate of registration or other person who has collected sales tax sells, leases or otherwise disposes of its business, then the holder shall make a final sales tax return within 15 days after the final date of the sale.

(b) The purchaser or lessee of a business which is sold, leased or otherwise disposed of shall withhold a sufficient portion of the purchase price or lease payment to cover all unpaid sales tax, penalties and interest as may be due and unpaid to the City until such time as the former owner or lessor has produced a receipt from the City showing all tax obligations imposed by this chapter have been paid. If any purchaser or lessee of a business so disposed of fails to withhold a sufficient amount of the purchase price or lease payment as herein provided, then such purchaser or lessee shall be personally liable for the payment of all unpaid sales taxes, penalties and interest accruing but unpaid to the City on account of the operation of the business by the former owner, owners, lessors or assigns.

(c) Seasonal businesses must submit a final return within 30 days after business conclusion. [Ord. 19-06 § 2, 2019.]