Section 1112-D. Civil Penalties.--(a) If any part of any underpayment of tax imposed under this article is due to fraud, an amount equal to fifty per cent of the underpayment shall be added to the tax.
(b) In the case of failure to record a declaration required under this article on the date prescribed therefor, unless it is shown that such failure is due to reasonable cause, five per cent of the amount of such tax shall be added to the tax if the failure is for not more than one month, with an additional five per cent for each additional month or fraction thereof during which the failure continues, not exceeding fifty per cent in the aggregate.
(1112-D added July 7, 2005, P.L.149, No.40)
Compiler's Note: Section 24(5)(xiii) of Act 40 of 2005, which added section 1112-D, provided that section 1112-D shall apply to any document made, executed, delivered, accepted or presented for recording 90 days after the effective date of section 24(5).