§ 1710.1. Penalty for failure of an officer to establish an interest-bearing account
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 72 P.S. Taxation and Fiscal Affairs
72 P.S. § 1710.1
§ 1710.1. Penalty for failure of an officer to establish an interest-bearing account
<Section effective upon promulgation of regulations under 42 Pa.C.S.A. § 3502(a). See also, section effective until promulgation of regulations under 42 Pa.C.S.A. § 3502(a).>
Any city officer, or county officer who shall refuse or neglect, when required by the Secretary of Revenue, to establish a Federally insured interest-bearing account in any bank or savings and loan association and to deposit all moneys received for the use of or on behalf of the Commonwealth shall be personally liable for a penalty of one per centum per month or fraction thereof on the moneys collected for the period during which said account is not established and said funds are not deposited therein.
Credits
1929, April 9, P.L. 343, No. 176, art. XVII, § 1710.1, added 1976, Dec. 3, P.L. 1274, No. 283, § 5, retroactive effective July 1, 1976. Affected 1978, April 28, P.L. 202, No. 53, § 2(a) [1098].
72 P.S. § 1710.1, PA ST 72 P.S. § 1710.1
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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