Georgia § 34-8-175 - Payment of contributions when employing unit sells or transfers business or stock of goods.
Full text of Georgia Official Code of Georgia Annotated § 34-8-175 — Payment of contributions when employing unit sells or transfers business or stock of goods., with citation guidance and answers to common questions.
§ 34-8-175. Payment of contributions when employing unit sells or transfers business or stock of goods.
Any employing unit which sells or transfers its business or stock of goods shall file all required tax and wage reports and pay all contributions, administrative assessments, interest, and penalties within 30 days after such sale or transfer. Such reports and payments shall include all wages for employment up to the date of the sale or transfer. The purchaser, transferee, successor, or assignee shall withhold a sufficient amount from the purchase money to cover the amount of all contributions, administrative assessments, interest, and penalties due and unpaid by the seller or transferor. If the seller or transferor fails to make required payments within the 30 days specified, then the purchaser, transferee, successor, or assignee shall pay the money so withheld. If the purchaser, transferee, successor, or assignee fails to do so, it shall become liable for such contributions, administrative assessments, interest, and penalties. After 30 days the purchaser, transferee, or successor will also become jointly and severally responsible with the predecessor for filing of any delinquent reports. If the payment of moneys is not involved in the sale or transfer, such purchaser shall withhold the performance of the condition that constitutes the consideration for the transfer until the Commissioner certifies that all reports have been filed and all contributions, administrative assessments, interest, and penalties have been paid. (Code 1981, § 34-8-175 , enacted by Ga. L. 1991, p. 139, § 1; Ga. L. 1992, p. 776, § 2.)
Frequently Asked Questions About Georgia § 34-8-175
What does Official Code of Georgia Annotated § 34-8-175 cover?
Section 34-8-175 ("Payment of contributions when employing unit sells or transfers business or stock of goods.") is part of the Official Code of Georgia Annotated, the codified statutory law of Georgia. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Georgia § 34-8-175?
A common citation format is "Official Code of Georgia Annotated § 34-8-175" (Georgia). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Georgia law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Georgia official source linked on this page or consult a licensed Georgia attorney.
How does Georgia § 34-8-175 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Georgia can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Georgia.