(A) Any realty transfer tax imposed by this township, and all applicable interest and penalties, shall be administered, collected and enforced under The Local Tax Enabling Act, 53 P.S. §§ 6924.101 to 6924.312; provided, that if the correct amount of tax is not paid by the last date prescribed for timely payment, the Board of Supervisors, pursuant to § 1102-D of the Tax Reform Code of 1971 (72 P.S. § 8102-D), authorizes and directs the Department of Revenue of the commonwealth to determine, collect and enforce the tax, interest and penalties, at no cost to the township.
(B) Any realty transfer tax imposed by the township and that is not paid by the date the tax is due shall bear interest as prescribed for interest on delinquent municipal claims under the Act of May 16, 1923 (Pub. L. No. 207, No. 153, 53 P.S. §§ 7101 et seq.), as amended, known as the Municipal Claims and Tax Liens Act. The interest rate shall be the lesser of the maximum amount imposed by the Municipal Claims and Tax Liens Act and the interest rate imposed upon delinquent Commonwealth taxes as provided in § 806 of the Act of April 9, 1929 (Pub. L. No. 343, No. 176, 72 P.S. § 806), as amended, known as the “Fiscal Code”.
(Ord. 1-2006, passed 9-7-2006)