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Ordinance amending the Pittsburgh Code, Title Two, Fiscal; Article VII, Business Related Taxes; Chapter 245, Earned Income Tax; Section 245.03, Declaration and Payment of Tax; subsection (e), Interest for 2016, by fixing the rate of interest on delinquent Earned Income Tax for the year 2016.
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Be it resolved by the Council of the City of Pittsburgh as follows:
Section 1. The Pittsburgh Code, Title Two, Fiscal; Article VII, Business Related Taxes; Chapter 245, Earned Income Tax; Section 245.03, Declaration and Payment of Tax; subsection (e), Interest for 2016, is hereby amended to read as follows:
(e) Interest for [2015] 2016. The interest to be paid under Section 245-03(e) hereof for the year [2015] 2016 is six percent (6%).
Section 2. This ordinance shall take effect January 1, 2016.