2009 Alabama Code
Title 40 — REVENUE AND TAXATION.
Chapter 12 — LICENSES.
Section 40-12-197 Reports and payments upon discontinuance or transfer of business.

Reports and payments upon discontinuance or transfer of business.

Whenever any person herein defined as a distributor ceases to engage in business as a distributor within the State of Alabama by reason of the discontinuance, sale or transfer of the business of such distributor, it shall be the duty of such distributor to notify the Department of Revenue in writing at least 10 days prior to the time the discontinuance, sale or transfer takes effect. Such notice shall give the date of discontinuance and, in the event of a sale or transfer of the business, the date thereof and the name and address of the purchaser or transferee thereof. All taxes, penalties or interest payable to the State of Alabama upon gasoline sold, distributed, or withdrawn from storage, whether the same is delinquent or not, shall become due and payable concurrently with such discontinuance, sale or transfer, and it shall be the duty of any such person concurrently, with such discontinuance, sale or transfer, to make a report and pay all such taxes, interest, and penalties and to surrender to the Department of Revenue the license theretofore issued to said person by the Department of Revenue. Unless the notice above provided for shall have been given to the Department of Revenue as above provided, such purchaser or transferee shall be liable to the State of Alabama for the amount of all such taxes, penalties and interest accrued against any such distributor so selling or transferring his business on the date of such sale or transfer, but only to the extent of the value of the property and business thereby acquired from such distributor. Any person guilty of violating any of the provisions of this section shall be guilty of a misdemeanor.