District of Columbia § 47-4462 Failure to give notice; existence of claim for tax.

District of Columbia Statutes

§ 47-4462 — Failure to give notice; existence of claim for tax.

District of Columbia·Title 47 Taxation, Licensing, Permits, Assessments, and Fees. [Enacted title]·Ch. 44 Collections.·Subch. V Bulk Sales.

If the purchaser fails to give the notice set forth in § 47-4461 or the Mayor informs the purchaser that a possible claim for tax exists:

(1)The money or other consideration which the purchaser is required to pay for the sale shall be subject to a first priority right and lien for the taxes determined to be due from the seller to the District of Columbia; and

(2)The purchaser shall not pay the seller any money or other consideration to the extent of the amount of the lien.

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If the purchaser fails to give the notice set forth in § 47-4461 or the Mayor informs the purchaser that a possible claim for tax exists:

(1) The money or other consideration which the purchaser is required to pay for the sale shall be subject to a first priority right and lien for the taxes determined to be due from the seller to the District of Columbia; and

(2) The purchaser shall not pay the seller any money or other consideration to the extent of the amount of the lien.

District of Columbia § 47-4462 (Failure to give notice; existence of claim for tax.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.