a. An operator who is transferring, selling or terminating its business shall notify the Tax Administrator in writing of such sale, transfer or termination and the name and address of the purchaser or transferee at least thirty (30) days in advance of the date of transfer, sale or termination, unless the decision to sell, transfer or terminate was made within less than a thirty (30) day period prior to the transfer, sale or termination, in which case the operator shall then immediately notify the Tax Administrator. The operator shall, at the same time, notify the purchaser or transferee of their responsibility for unpaid collected taxes as set forth in subsections 3-3.16 and 3-3.17 and further certify in writing to the Tax Administrator that the transferee or purchaser was notified of the requirements of this Chapter regarding its responsibility for unpaid collected taxes.

b. Cessation of Business. Each operator upon cessation of business for any reason shall, on or before the same day of the next month following the cessation of business or on the last day of that month if no corresponding day exists, make a return to the Tax Administrator on approved forms of the total taxable rents charged, the amount of tax collected for the reporting period, remittances made, if any, and the balance of the tax due, if any, shall be remitted to the Tax Administrator. After filing the final return and remitting the balance due, the operator shall make his records of account available for a closeout audit by the Tax Administrator or duly authorized City employee. Returns filed and taxes remitted and actually received by the Tax Administrator on or before the same day of the next month following the cessation of business or on the last day of that month if no corresponding calendar day exists shall be deemed timely filed and remitted; otherwise, the taxes are delinquent and subject to the penalties imposed by subsection 3-3.8.

c. The liability of the transferee or purchaser for transient occupancy taxes collected by the transferor or seller is set forth in subsections 3-3.16 and 3-3.17. (Ord. #85-98, S6)