§ 38-79. Collection procedures on purchase of hotel.

(a)

If a person who is liable for the payment of a tax imposed under section 38-77 is the owner of a hotel and sells the hotel, the successor to the seller or the seller's assignee shall withhold an amount of the purchase price sufficient to pay the amount of tax due until the seller provides a receipt by the director showing that the amount has been paid or a certificate showing that no tax is due.

(b)

The purchaser of a hotel who fails to withhold an amount of the purchase price as required is liable for the amount required to be withheld to the extent of the value of the purchase price of the hotel.

(c)

The purchaser of the hotel may request that the director issue a certificate stating that no tax is due or issue a statement of the amount required to be paid before a certificate may be issued. The director shall issue the certificate or statement not later than the 60th day after the date that he receives the request.

(d)

If the director fails to issue the certificate or statement within 60 days after the date that he receives the request, the purchaser of the hotel is released from the obligation to withhold the purchase price or pay the amount due.

(Ord. No. G-12-02-09-9A1, § I, 2-9-2012)