(a) A licensee who discontinues in its entirety the business for which a license was authorized by this article shall notify the department in writing at least 10 days prior to the time the discontinuance, sale, or transfer takes effect and shall surrender the license to the department. The notice shall state the effective date of the discontinuance and, if the licensee has transferred the business or otherwise relinquished control to another person by sale or other means, the date of the sale or transfer and the name and address of the person to whom the business is transferred or relinquished. The notice shall also include any other information required by the department.
(b) All taxes for which the licensee is liable under this article but are not yet payable shall be due on the date of the discontinuance. If the licensee has transferred the business to another person and does not give the notice required herein, the person to whom the business was transferred is jointly and severally liable for the amount of any tax owed by the licensee to this state on the date the business was transferred. The liability of the person to whom the business was transferred may not exceed the value of the property and business acquired from the licensee.
Structure Code of Alabama
Title 40 - Revenue and Taxation.
Chapter 17 - Gasoline and Other Motor Fuels; Lubricating Oils.
Section 40-17-168 - Legislative Findings.
Section 40-17-168.1 - Definitions.
Section 40-17-168.2 - Levy and Collection of Tax; Application and Fee.
Section 40-17-168.3 - Application Form.
Section 40-17-168.4 - License Requirement.
Section 40-17-168.5 - Surety Bond.
Section 40-17-168.6 - Refusal to Issue License; Appeal.
Section 40-17-168.7 - Issuance of License.
Section 40-17-168.8 - Discontinuance of Licensed Business; Payment of Taxes.
Section 40-17-168.9 - Cancellation of License.
Section 40-17-168.10 - Deduction for Sale or Disbursement to Exempt Entities.
Section 40-17-168.11 - Tax Payments and Returns.
Section 40-17-168.12 - Reporting of Information; Single Return for Multiple Locations.
Section 40-17-168.13 - Receipt and Remission of Taxes; Liability.
Section 40-17-168.14 - Recordkeeping.
Section 40-17-168.15 - Disposition of Funds.
Section 40-17-168.16 - Civil Penalties.
Section 40-17-168.17 - Criminal Penalties.