HomeMy WebLinkAboutKIN 83 4507 Discount -Set Rate
CORPORATION OF THE TOWN OF KINCARDINE
BY-LAW NO. 4507
BEING A BY-LAW TO PROVIDE FOR A DISCOUNT FOR EARLY PAYMENT OF
TAXES.
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WHEREAS under the provisions of Section 386(5)(a) of the
Municipal Act R.S.O. 1980, Chapter 302, a municipality may
permit a discount for early payment of taxes;
AND WHEREAS taxes are those taxes which have been levied in the
current calendar year;
AND WHEREAS Council deems it expedient to provide for a discount
for early payment of taxes;
NOW THEREFORE the Council of the Corporation of the Town of
Kincardine ENACTS as follows:
1. THAT a discount on early payment of taxes shall be
allowed at the rate of 2.25% on the 2nd instalment of
1983 taxes if paid on or before the 15th day of March,
1983.
2. THAT a discount on early payment of taxes shall be allowed
at the rate of 1.5% on the 4th instalment of 1983 taxes if
paid on or before the 15th day of September 1983;
3. THAT this By-law shall take effect on the final date of
passing.
4. That by-laws 4392 and 4430 be and the same are hereby repealed.
READ a FIRST and SECOND time this 3rd day of February, 1983.
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Mayor ./' ~
READ a THIRD time and FINALLY PASSED this 3rd day of February,
1983.
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