§ 12.50.120. Certificate of registration: Expiration.

A.

A certificate of registration issued under this chapter shall automatically expire if any of the following occur:

1.

Immediately after September 30 following the issuance date, unless the certificate states otherwise.

2.

The retailer moves the business to another location within the municipality. The retailer shall immediately file an application with the department for issuance of a replacement certificate for the new location for the remaining balance of the term.

3.

On the last day of the term of a surety bond, deposit in escrow, or letter of credit submitted as financial guarantee, unless the retailer has either renewed the surety bond, deposit in escrow, or letter of credit, or provided a new financial guarantee, or the department has waived the requirement for financial guarantee. The retailer must immediately reapply, pursuant to section 12.50.090, to renew its certificate.

4.

A retailer ceases to engage in business as a retailer, ceases to engage in business at its registered place(s) of business, changes its name, or changes the name by which the registered retail business operation is advertised or marketed by the retailer.

B.

A retailer must immediately submit an updated application, as prescribed by the chief fiscal officer, upon any change in form of ownership, or if the retailer is owned by a business entity, upon any change in the owners of the entity who owns the retailer. The chief fiscal officer will review the updated application, pursuant to this chapter. A new certificate of registration will not be issued until the department has received the expired certificate.

( AO No. 2016-49(S), § 1, 5-10-16 )