Return of permit on cessation of business — Cancellation

# (a)

Whenever any person holding a permit as provided in this chapter ceases to conduct the business for which the permit was issued at the place named, the person shall immediately return that permit to the tax administrator for cancellation.

# (b)

Whenever any person files returns for twelve (12) successive monthly periods or four

(4) successive quarterly periods, as the case may be, showing no sales, the tax administrator may, after giving the person notice, in writing, of his or her intent to cancel the permit or permits, cancel the permit or permits unless the person objects to the cancellation, in writing, within thirty (30) days of the mailing of the notice. If an objection is filed, the tax administrator shall, as soon as possible, fix a time and place for a hearing requiring the person to show cause why his or her permit or permits should not be canceled as a result of the cessation of business for which the permit was issued.