Section 706. Penalties.--(a) Except as otherwise provided in the case of any tax levied and assessed upon income, any such political subdivision shall have power to prescribe and enforce reasonable penalties for the nonpayment, within the time fixed for their payment, of taxes imposed under authority of this act.
(b) If for any reason any tax levied and assessed upon income by any such political subdivision is not paid when due, interest and penalties as provided in section 509(i) shall be added and collected. When suit is brought for the recovery of any such tax, the person liable therefor shall, in addition, be liable for the costs of collection and the interest and penalties herein imposed.
(c) In addition to any other power provided by this act, a tax collector or officer may abate any penalty imposed under any provision of this act.
(706 amended May 4, 2018, P.L.102, No.18)