[Adopted 10-3-2006 by Ord. No. 622,[1] approved 10-3-2006]
[1]
Editor's Note: This ordinance also repealed former Art. IV, adopted 12-7-1970 by Ord. No. 360, approved 12-7-1970.
The Borough of Pen Argyl adopts the provisions of Article XI-D of the Tax Reform Code of 1971 and imposes a realty transfer tax as authorized under that Article subject to the rate limitations therein. The tax imposed under this section shall be at the rate of 1%.
The tax imposed under § 96-36 and all applicable interest and penalties shall be administered, collected and enforced under the Act of December 31, 1965 (P.L. 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 Borough of Pen Argyl, pursuant to Section 1102-D of the Tax Reform Code of 1971 (72 P.S. § 8102-D), authorizes and directs the Department of Revenue of the Commonwealth of Pennsylvania to determine, collect and enforce the tax, interest and penalties.
Any tax imposed under § 96-36 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 10% per annum.
A. 
As of the effective date of this article, the following ordinances and resolutions are repealed: Chapter 96, Article VI, §§ 96-36 to 96-43 of the Code of the Borough of Pen Argyl.
B. 
The repealed ordinances enumerated in Subsection A above remain effective for documents that became subject to realty transfer tax prior to the effective date of this article.