Section 227. Discount.--If a return is filed by a licensee and the tax shown to be due thereon less any discount is paid all within the time prescribed, the licensee shall be entitled, as compensation for the expense of collecting and remitting the tax and as a consideration of the prompt payment of the tax, to credit and apply against the tax payable by the licensee a discount of the lesser of:
(1) one per cent of the amount of the tax collected; or
(2) as follows:
(i) twenty-five dollars ($25) per return for a monthly filer;
(ii) seventy-five dollars ($75) per return for a quarterly filer; or
(iii) one hundred fifty dollars ($150) per return for a semiannual filer.
(227 amended July 13, 2016, P.L.526, No.84)
Compiler's Note: Section 51(1) of Act 84 of 2016, which amended section 227, provided that the amendment of section 227 shall apply to returns due on or after August 1, 2016.
Section 52(1) of Act 84 of 2016 provided that, notwithstanding the provisions of the act of August 5, 1932 (Sp.Sess., P.L.45, No.45), referred to as the Sterling Act, and the act of December 31, 1965 (P.L.1257, No.511), known as The Local Tax Enabling Act, the amendment of section 227 shall not preempt any tax imposed by a unit of local government as of the effective date of section 52 unless specifically provided for in Act 84.