7-14-304. Collection of delinquent tax -- interest and penalty -- statute of limitations. (1) Motor fuel excise taxes imposed pursuant to 7-14-301 and collected by a retail seller but not transmitted to the county treasurer are delinquent after the date that they are due to the county treasurer and become a lien on all real and personal property owned by the retail seller in the county. The county shall collect the delinquent motor fuel excise taxes in the manner that delinquent personal property taxes are collected.

(2) Penalties and interest for a delinquent motor fuel excise tax are the same as provided for the gasoline tax under Title 15, chapter 70, part 4.

(3) Any action to recover a delinquent motor fuel excise tax must be initiated within 3 years from the due date of the return or the date of filing the return, whichever period expires later. Upon discovery of fraud, an action must be initiated within 3 years of the discovery.