PRINTER'S NO. 2520
No. 1904 Session of 1985
INTRODUCED BY LETTERMAN AND COLE, NOVEMBER 20, 1985
REFERRED TO COMMITTEE ON FINANCE, NOVEMBER 20, 1985
AN ACT
1 Amending the act of May 25, 1945 (P.L.1050, No.394), entitled
2 "An act relating to the collection of taxes levied by
3 counties, county institution districts, cities of the third
4 class, boroughs, towns, townships, certain school districts
5 and vocational school districts; conferring powers and
6 imposing duties on tax collectors, courts and various
7 officers of said political subdivisions; and prescribing
8 penalties," further providing for discounts, penalties and
9 installment payment of taxes.
10 The General Assembly of the Commonwealth of Pennsylvania
11 hereby enacts as follows:
12 Section 1. Sections 10 and 11(a) of the act of May 25, 1945
13 (P.L.1050, No.394), known as the Local Tax Collection Law,
14 amended December 13, 1982 (P.L.1201, No.275), are amended to
15 read:
16 Section 10. Discounts; Penalties.--The rates of discounts
17 and penalties on taxes shall be established by the taxing
18 district. All taxpayers subject to the payment of taxes,
19 assessed by any taxing district, shall be entitled to a discount
20 of at least two per centum from the amount of such tax upon
21 making payment of the whole amount thereof within two months
1 after the date of the tax notice. All taxpayers, who shall fail
2 to make payment of any such taxes charged against them for four
3 months after the date of the tax notice, shall be charged a
4 penalty of up to the greater of ten per centum or two per centum
5 less than the prime interest rate in effect when the tax notices
6 are printed which penalty shall be added to the taxes by the tax
7 collector and be collected by him. The provisions of this
8 section shall apply to cities of the second class A.
9 Section 11. Installment Payment of Taxes.--(a) Any taxing
10 district shall have power to provide by ordinance or resolution
11 for the collection and payment of its taxes in not [more] less
12 than four installments and not more than twelve monthly
13 installments. Where payment of taxes is made on the installment
14 basis, no abatement or discount shall be allowed on said taxes.
15 * * *
16 Section 2. This act shall take effect in 60 days.
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