Sec. 4-3-190. Evasion by artifice or device.
Notwithstanding the provisions of Section 4-3-60 of this Article, if an artifice or device is employed in connection with the transfer of real property, artifice or device, meaning a transaction a substantial purpose of which was to evade the provisions of this Article, then such transfer will nevertheless be subject to the real estate transfer tax. Artifice or device includes, but is not limited to:
(1) A transfer to a corporation, partnership, limited partnership, joint venture, business trust or other association or organization followed within three (3) years by an assignment of the controlling interest in such association or organization.
(2) Such a transfer plus the intent to ultimately assign the controlling interest in such association or organization. (Prior code 3.12.190; Ord. 1288 §1, 2008)