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1969-04 Amending Chapter 3 Penalty and Interest for Personal PropertyKODIAK ISLAND BOROUGH ORDINANCE NUMBER 69 -4 -0 AN ORDINANCE AMENDING CHAPTER 3, SUB- CHAPTER 2, SECTI.N 3 OF THE KODIAK ISLAND BOROUGH CODE OF ORDINANCES AND RESOLUTIONS BY DELETING THE PROVISION FOR PENALTY AND INTEREST FOR FAILURE TO FILE A PERSONAL PROPERTY RETURN WHERE SUCH PENALTY AND INTEREST WOULD AMOUNT TO ONE DOLLAR ($1.00) OR LESS BE IT ORDAINED by the Borough Assembly of the Kodiak Island Borough as follows: Section 1. Chapter 3, Sub- Chapter 2, Section 3 of th Kodiak Island Borough Code of Ordinances and Resolutions be and the same is hereby amended to read as follows: ATTEST "Section 3. Penalties. Any person who fails, refuses or neglects to file a personal property return in accordance with Sections 1 and 2 of this sub- chapter shall be liable for a penalty of ten per cent (10 %) of the tax assessed against said personal property as assessed by the Borough Assessor, in accordance with Section 1 of this sub- chapter. Said person shall pay interest at the rate of eight per cent (8 %) per annum, exclusive of penalty, from the due date until paid in full. In addition to the foregoing remedies, any person failing to submit a personal property tax return or additional information in regard thereto shall be deemed guilty of a misdemeanor, and upon conviction shall be subject to imprisonment for a period of not more than thirty (30) days and /or a fine of not more than THREE HUNDRED and No /100ths ($300.00) DOLLARS. This Section shall apply to all persons having per- sonal property within the Kodiak Island Borough, irrespective of residence. However, when such penalty and interest amounts to ONE DOLLAR ($1.00) or less there shall be assessed a minimum penalty of ONE DOLLAR ($1.00). Section 2. This ordinance shall become effective thirty (30) days after the second reading, public hearing and adoption date. BY: BY: OROUGH CLERK KODIAK ISLAND BOROUGH A/_cs CHAI PRESIDING OFFICER First Reading & Approval Date: February 6, 1969 Second Reading, Public Hearing & Passage Date: February" 20th, 1969 Effective Date: Mardi 20th, 1969