Code of Alabama
Part 4 - Tax, Rental.
Section 45-51-243.10 - Return Required After Sale or Quitting of Business; Successor Obligations.

Any person subject to this part who shall sell out his or her business or stock of rental goods, or shall quit business, shall be required to make out the return provided for by this part within 30 days after the date he or she sold out his or her business or stock of rental goods, or quit business, and his or her successor in business shall be required to withhold a sufficient amount of the purchase money to cover the amount of tax due and unpaid under this part until the time the former owner produces a receipt from the county commission showing that the tax has been paid, or a certificate that no tax is due. If the purchaser of a business or stock of rental goods fails to withhold purchase money and the tax is due and unpaid after the 30-day period allowed, he or she shall be personally liable for the payment of the tax accrued and unpaid on the transactions engaged in by the former owner. If the county commission deems it necessary to collect the taxes due the county, it may make a jeopardy assessment as provided in Article 5, commencing with Section 40-29-90, of Chapter 29 of Title 40.

Structure Code of Alabama