US Laws, Codes, Statutes & Cases

                                  TITLE  63
                             REVENUE AND TAXATION
                                  CHAPTER 36
                                  SALES TAX
    63-3628.  SUCCESSORS' LIABILITY. (a) If any vendor liable for any amount
under this act sells out his business or stock of goods, the vendee shall make
inquiry of the state tax commission and withhold from the purchase price any
amount of tax that may be due under this act until such time as the vendor
produces a receipt stating that no amount is due.
    (b)  If the purchaser of a business or stock of goods fails to withhold
from the purchase price as above required, he becomes personally liable for
the payment of the amount required to be withheld by him to the extent of the
purchase price valued in money.
    (c)  The state tax commission shall, as soon as practicable after
receiving written inquiry as to the amount due and no later than thirty (30)
days after receipt of the inquiry or, if necessary, thirty (30) days from the
date the vendor's records are made available for audit, but in any event no
later than sixty (60) days after receiving the inquiry, issue a statement to
the purchaser setting forth the amount of tax due by the vendor, if any.
Failure of the state tax commission to issue such statement will release the
purchaser from any obligation to withhold from the purchase price as above
required.