HomeMy WebLinkAboutKIN 82 4426 Current Tx Penalty
THE CORPORA TIOl! OF TH3 TO','!N OF KIiJCARDI?ß
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B3IiJG A BY-LA~:J TO 2ST"i3LISH A ?S:-JALTY 8I-LiJ.G~ FO::ì :JOi':-
FA '£1:3:::',JT OF CUn...-qZi'JT TAX:~3.
.
',1lI3R3AS \.U1der the provisions of The :Iu..'1icipal Interest and
Discow~t Rates Act¿ 1981 a ~w~icipality may impose penalties
on \.U1paid and over ue taxes which ;'lere levied in the curreI'.t
calendar year instead of andin lieu of imposing such
penalties as are authorized to oe imposed by 3ection 527*
of The :;;w~iciDal Act.
AND \'rH2R3AS overdue taxes are those taxes ';,hich have been
levied in the current calendar year which are due and
\.U1pai d;
AND ~lHER.ZA3 the primc rate of interest of the 3ank of
;,lontreal, on this 4th day ::Jf January, 1932 is 16.50í~;
:JON TH3R3FOR2 the Council of the Corporation of the TO'.'1l1
of Kincardine 2:L~CTS as follo'.'Is:
1. That the penalty charge to oe imposed on due and \.U1paid
taxes shall 'Je at the rate of 18;~ per a;1num as
authorized \.U1der tI1e provisions of The !I\.U1icipal Interest
and Discow~t Rates Act, 1131.
2. That the rate of 10~ per annum as a penalty for non-
paßnent of taxes shall be imposed on the first day of
default and on the first day of each calendar month
thereafter in ':Ihich default continues, but not after
December 31 of the year during which such taxes ,·,ere
levied;
3. That the Clerk shall ¿;ive notice of this By-la"1 in
accordance ~~th Section 527, subsection 6 of !h£
i.I\.U1icipal .~ct*.
4. That the penalty char¿;e imposed 'JY this 3y-law for the
year 1932 shall take effect on the fifteenth day after
the day of i9iving notice in accordance ',,rj,th Section 527,
subsection b of The :;\.U1icipal Act*.
,
5. That any penalty authorized to be imposed for non-payme¡1t
of taxes due \.U1der Section 527 of TllG ;,I'll'licipal Act*
shall cease t::J have effect ::J;'1 the day ~he penalty
charge i:nposed oy this By-lau taIœs effect.
R3AD a FIR3T and S::;::;O:D tLúe this 7th
day of January
,
19:52.
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a:3..<1D a TarJ.J iIiS J.:1J. FI=J~;'~~l ?~~3S~::J this 7th
day of
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January
, 1932.
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