HomeMy WebLinkAbout91-05RESOLUTION N0. 91-5
Establishing an Interest Rate for
Delinquent Business License Taxes
WHEREAS, Section 8-39(d) of the Pulaski Town Code provides that the
interest rate for delinquent business license taxes shall be "at a rate
to be set by the Town from time to time"; and,
WHEREAS, the Finance Committee of the Town Council has recommended
that the interest rate be established at ten percent per annum to be
consistent with the interest rate for delinquent real and personal
property taxes and delinquent meals taxes.
NOW, THEREFORE, BE IT RESOLVED by the Town Council of the Town of
Pulaski, Virginia that pursuant to Section 8-39(d) of the Pulaski Town
Code, the delinquent portion of any business license tax shall accrue
interest at the rate of ten (10) percent per annum.
THIS RESOLUTION is adopted this 2nd day of April, 1991 by recorded
vote of the Town Council of the Town of Pulaski, Virginia as follows:
Charles D. Crispin - Aye Andrew L. Graham - A_ye
J. R. Schrader, Jr. - Aye W. H. Schrader, Jr. - Absent
t~iary Lou Ccpenhaver - Aye Alma H. Holston - Awe
James R. Neighbors - Aye Robert N. Glenn - Awe
TOWN' OF PULASKI, VIRGINIA
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Mayor
Attest:
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Clerk of Council
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