Section 11-1403. Payment of tax  


Latest version.
  • The tax imposed by this chapter shall be
      paid by the transferee to the taxi and limousine commission, as agent of
      the commissioner of finance, at the time of approval of such transfer by
      the taxi and limousine commission, but in no  event  later  than  thirty
      days following the transfer. The transferor shall also be liable for the
      payment of such tax at such time in the event that the amount of tax due
      is  not  paid  by the transferee. Notwithstanding any other provision of
      law to the contrary, no  transfer  of  a  taxicab  license  or  interest
      therein  shall  be  approved  or effective until the tax imposed by this
      chapter has been paid. All moneys received as such payments by the  taxi
      and  limousine  commission  during  any  day shall be transmitted to the
      commissioner of finance at the close of business on such day or at  such
      other time as the commissioner of finance may require.