ARTICLE I. BUSINESS LICENSE TAX IN GENERAL; ADMINISTRATION

Sec. 14-9. Transfer of license.

Licenses issued under this chapter, except as otherwise provided, may be transferred from one person to another or from one location to another; provided, that no such transfer shall be valid unless and until notice in writing be given to the commissioner of the revenue of the proposed transfer, which notice shall contain the name, trade name, if any, of the proposed transferee, the proposed new location, if any, and the date of the proposed transfer. Such notice shall be signed by both the proposed transferor and transferee of the license and shall be accompanied by a transfer fee of twenty-five dollars ($25.00). The commissioner of the revenue shall approve such transfer upon being satisfied that such transfer is in good faith and is not being made to avoid any provisions of this chapter. No transfer shall be made if the transferor is delinquent in payment to the county of any business license, business personal property, meals or transient occupancy taxes. Failure to notify the commissioner of the revenue of a transfer of a license within thirty (30) days of such transfer shall invalidate such license. If a transferor's license for the current license year has been based on an estimate of gross receipts as provided in section 14-5 of this chapter, the transferor shall reveal its gross receipts for the period it was in business during the current license year, and if the accumulation of gross receipts at the time of transfer shall exceed the original estimate, the transferee shall be required to amend the license by an estimate of the gross receipts it will incur between the day of beginning business and the end of the current license year and pay any additional license tax due.