3-33-050  Contingent liability.
   If a real property transfer declaration is not filed with the department as provided by Section 3-33-070, then the transferor shall be liable for any unpaid tax imposed by this chapter on the transferee, together with interest and all applicable penalties, and the transferee shall be liable for any unpaid tax imposed by this chapter on the transferor, together with interest and all applicable penalties.
(Added Coun. J. 12-15-92, p. 27387; Amend Coun. J. 3-12-08, p. 21788, § 1; Amend Coun. J. 11-16-11, p. 13798, Art. I, § 3)