Agenda - 04-06-1987 - Laserfiche WebLink

Browse Search

19E county in accordance with the per capita method after the taxing county has deducted its cost of administering and collecting the tax, less refunds. The revenue may be used only for capital expendi- tures. All proceeds upon distribution shall be placed in a special Capital Reserve Fund to be used for the following: 1. roads, including rights-of-way acquisition and construction of ancillary facilities; 2. open space and recreation; 3 . publicly assisted housing; 4. public elementary and secondary school capital outlay, including retirement of indebtedness incurred by the county for this purpose; and 5. other public buildings. (f) Penalties. A person who knowingly fails to pay a tax levied under this section, who knowingly aids another to fail to pay a tax levied under this section, or who, to avoid paying part or all of the tax due under this section, knowingly misstates the total consideration for an interest conveyed is guilty of a misdemeanor and is punishable by imprisonment for up to two years and a fine of not less than one hundred dollars ($100. 00) nor more than one thousand dollars ($1, 000) . (g) Taxes Recoverable by Action. If a transferor fails to pay a tax imposed by this section within 30 days of the tax assessor's demand that he pay the tax, the tax may be recovered by Orange County in an action brought in the superior court of the county. In an action to recover a tax imposed under this section, costs of court shall include a fee to the county of twenty-five dollars ($25. 00) for the expense of collection. (h) Effective Date: Application. A tax levied under this section shall become effective on the first day of a month, as designated in the resolution levying the tax, and may not become effective for at least 30 days after the adoption of the resolu- tion. A tax levied under this section applies to instruments that are executed on or after the effective date of the levy, except instruments executed on or after that date that convey an interest in real property pursuant to a recorded written contract made before the effective date. (i) Repeal. A tax levied by this section may be repealed by a resolution adopted by the Orange County Board of Commissioners. Repeal of a tax levied under this section shall become effective on the first day of a month and shall apply to repeal. Repeal of a tax levied under this section does not affect a liability for this tax that attached before the effective date of the repeal.