1. 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.
2. The payment of the tax imposed herein 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, amount of the tax and the signature of the collecting agent shall be set forth.
3. It is the intent of this Part that the entire burden of the tax imposed herein on a person or transfer shall not exceed the limitations prescribed in the Local Tax Enabling Act, Act of December 31, 1955, Pub. Law 1257, 53 P.S. §§ 6901 et seq., so that if any other political subdivision shall impose or hereafter shall impose such tax on the same person or transfer then the tax levied by the Board of Supervisors under the authority of that 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 Board of Supervisors; provided, however, that the township and any other political subdivision which impose such tax on the same person or transfer may agree that, instead of limiting their respective rates to one-half of the rate herein; provided, they will impose respectively different rates, the total of which shall not exceed the maximum rate permitted under the Local Tax Enabling Act.
4. 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.
5. The tax imposed under division 1. above and all applicable interest and penalties shall be administered, collected and enforced under the Act of December 31, 1965, Pub. Law 1257, No. 511, as amended, known as the Local Tax Enabling Act; provided, that if the correct amount of the tax is not paid by the last date prescribed for timely payment, the township, 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.
6. Any tax imposed under division 1. above that is not paid by the date tax is due shall bear interest as prescribed for interest on delinquent municipal claims under the Act of May 16,1923, Pub. Law 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 interest rate imposed upon delinquent commonwealth taxes as provided in § 806 of the Act of April 9, 1929, Pub. Law 343, No. 176, 72 P.S. § 806, as amended, known as the Fiscal Code, or the maximum interest rate permitted under the Municipal Claims and Tax Liens Act for tax claims.
(Ord. 1970-1, passed 3-9-1970; Ord. 1989-1, passed 3-13-1989) (A.O.)