Section 7-14-8 - Imposition of penalty for failure to make timely applicationA penalty of fifty percent of the tax is imposed on any person who is:
A. domiciled in this state and accepts transfer in this state, but fails to apply for a certificate of title within ninety days of the date on which ownership of the vehicle was transferred to the person; or B. domiciled in this state but accepts transfer outside this state and fails to apply for a certificate of title within ninety days of the date on which the vehicle is brought into this state. 1978 Comp., § 7-14-8, enacted by Laws 1988, ch. 73, § 18.