Utah Code 59-12-112. Tax a lien when selling business — Liability of purchaser
Terms Used In Utah Code 59-12-112
- Lien: A claim against real or personal property in satisfaction of a debt.
- Person: includes any individual, firm, partnership, joint venture, association, corporation, estate, trust, business trust, receiver, syndicate, this state, any county, city, municipality, district, or other local governmental entity of the state, or any group or combination acting as a unit. See Utah Code 59-12-102
- Property: includes both real and personal property. See Utah Code 68-3-12.5
- Purchaser: means a person to whom:(108)(a) a sale of tangible personal property is made;(108)(b) a product is transferred electronically; or(108)(c) a service is furnished. See Utah Code 59-12-102
The tax imposed by this chapter shall be a lien upon the property of any person who sells out his business or stock of goods or quits business. Such person shall complete the return provided for under Section