If, in the sole opinion of the Tax Collector, it will facilitate collection, the borough may enter into a written agreement with any taxpayer under which the taxpayer is allowed to satisfy liability for the tax in installment payments.
(A) Termination of installment agreement. The Tax Collector may terminate any installment agreement if:
(1) Information provided to the borough prior to the date of the agreement was inaccurate or incomplete; or
(2) The Tax Collector believes that collection of the tax under the agreement is in jeopardy.
(B) Alteration of installment agreement. If the Tax Collector finds that the financial condition of the taxpayer has significantly changed, the Tax Collector may alter, modify or terminate the agreement, but only if:
(1) Notice of the Tax Collector’s finding is provided to the taxpayer no later than 30 days prior to the date of such action; and
(2) The notice contains the reasons why the Tax Collector believes a significant change has occurred.
(C) Breach of installment agreement. The Tax Collector may alter, modify or terminate an installment agreement if the taxpayer fails to do any of the following:
(1) Pay any installment at the time the installment is due under the agreement;
(2) Pay any other tax liability at the time tire liability is due; and
(3) Provide a financial condition update as requested by the borough.
(D) Prepayment permitted. Taxpayer may prepay, in whole or in part, any tax under any agreement with the borough.
(Ord. 2015-5, passed 4-28-2015)