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 one percent (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 thirty (30) days of acceptance of such document or within thirty (30) days of becoming an acquired company.
2. The payment of the tax imposed herein shall he evidenced by the affixing of an official stamp or stamps by the recorder of deeds whereon the date of the payment of the tax, amount of the tax, and the initials of the collecting agent shall be set forth; provided, that the Pennsylvania Department of Revenue may provide for use of documentary license meter impressions or similar indicia of payment in lieu of stamps. [Ord. 471]
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, 1965, P. L. 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 Council of the Township of Hanover under the authority of that Act shall during the time such duplication of the tax exists, except as hereinafter otherwise provided, be one half (½) of the rate and such one-half (½) shall become effective without any action on the part of the Council of the Township of Hanover 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 (½) 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. Any tax imposed under subsection .1 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, P.L. 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, P.L. 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. 471]
(Ord. 205, § 541.4, 7-8-87; as amended by Ord. 471, 3/7/2007, §§ 1, 2)