§ 68-125. Procedure where business sold.

(a)

If any innkeeper liable for any tax, interest or penalty imposed by this article sells his or her business or quits the business, he or she shall make a final return and payment within 15 days after the date of selling or quitting the business. The innkeeper's successor or assigns, if any, shall withhold a sufficient amount of the purchase money to cover the amount of the taxes, interest and penalties due under this article and unpaid until the former owner produces either a receipt from the governing authority imposing the tax showing that the taxes, interest and penalties due under this article have been paid or a certificate from the city imposing the tax stating that no tax, interest or penalty is due under this article.

(b)

If the purchaser of a business fails to withhold the purchase money as required by this article, he or she shall be personally liable for the payment of any taxes, interest and penalties accruing under this article and unpaid by any former owner or assignor. The personal liability of the purchaser in such a case shall not exceed the amount of the total purchase money, but the property being transferred shall in all cases be subject to the full amount of the tax lien arising from the delinquencies of the former owner. Paid executions may be transferred and enforced as otherwise provided by law.

(Ord. No. 19-2006, § 1, 10-9-06)

State law reference

Similar provisions, O.C.G.A. § 48-13-53.1.