(A) Notwithstanding the provisions of § 2-6-5 of this chapter, if an artifice or device is employed in connection with the transfer of real property, which term ARTIFICE OR DEVICE means a transaction or transactions, a substantial purpose of which was to evade the provisions of this chapter and the imposition of the tax under this chapter, then such transfer will nevertheless be subject to the real estate transfer tax.
(B) 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 years by an assignment of the controlling interest in such association or organization; and
(2) Such a transfer plus the intent to ultimately assign the controlling interest in such association or organization.
(Ord. 26(1979) § 10(c); Ord. 5(1980) § 10(c))