139.670 Withholding amount of tax liability by purchaser of business.

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139.670 Withholding amount of tax liability by purchaser of business. If any retailer liable for any amount under this chapter sells out his business or stock of <br>goods, or otherwise quits business, his successors or assigns shall withhold sufficient of <br>the purchase price to cover such amount until the former owner produces a receipt from <br>the department showing that it has been paid or a certificate stating that no amount is due. Effective: June 20, 2005 <br>History: Amended 2005 Ky. Acts ch. 85, sec. 438, effective June 20, 2005. -- Created 1960 Ky. Acts ch. 5, Art. I, sec. 64, effective February 5, 1960.