139.670 Withholding amount of tax liability by purchaser of business. - Kentucky Statutes

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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
goods, or otherwise quits business, his successors or assigns shall withhold sufficient of
the purchase price to cover such amount until the former owner produces a receipt from
the department showing that it has been paid or a certificate stating that no amount is due. Effective: June 20, 2005
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.