(A) (1) The Town of Lakeside adopts and imposes the penalties for delinquent taxes as authorized and set out in Tex. Tax Code, §§ 33.07 and 33.08, and any successor statute thereto.
(2) The penalties imposed and adopted by this section shall apply to taxes assessed for the year 2001 and all years thereafter.
(3) This section shall be in full force and effect from and after its publication as required by law and it is so ordained.
(B) (1) An additional penalty on delinquent taxes on personal property for the tax year 2005 and subsequent years is hereby authorized and imposed as provided in Tex. Tax Code, § 33.11, in the amount of 20% of the delinquent tax, penalties and interest if the tax on the personal property becomes delinquent on or after February 1 of any year and remains delinquent on the sixtieth day thereafter.
(2) The Mayor of the Town of Lakeside is authorized to execute a contract with the present private tax collection law firm reflecting the imposition and collection of the amounts, and is further authorized to execute any future contracts with a private tax collection law firm that contains similar provisions as may be authorized by the Tax Code.
(3) This section shall be in full force and effect from and after its passage and publication as required by law, and it is so ordained.
(Ord. 222, passed 10-12-2000; Ord. 274, passed 4-13-2006)