(a) Every person who makes, executes, delivers, accepts or presents for recording any document, or in whose behalf any document is made, executed, delivered, accepted or presented for recording, shall be subject to pay, for and in respect to the transaction or any part thereof, a tax at the rate of 1% of the value of the real estate represented by such document, which tax shall be payable at the earlier of the time the document is presented for recording, or within 30 days of acceptance of such document, or within 30 days of becoming an acquired company.
(b) The payment of the tax imposed in this chapter shall be evidenced by the affixing of an official stamp or writing by the Recorder of Deeds whereon the date of the payment of the tax, the amount of the tax and the signature of the collecting agent shall be set forth.
(c) It is the intent of this chapter that the entire burden of such tax on a person or transfer shall not exceed the limitations prescribed in the Local Tax Enabling Act, being the Act of December 31, 1965, P.L. 1257, 53 P.S. §§ 6924.101 et seq., as amended, so that if any other political subdivision has imposed or hereafter imposes such tax on the same person or transfer, then the tax levied by the township under the authority of such Act shall, during the time such duplication of the tax exists, except as hereinafter otherwise provided, be one-half of the rate, and such one-half rate shall become effective without any action on the part of the township.
(d) If for any reason the tax is not paid when due, interest at the rate in effect at the time the tax is due shall be added and collected.
(Ord. 613, passed 2-18-1987)