Relating to interest charged on delinquent property taxes; and prescribing an effective date.

Provides for daily rather than monthly computation of interest on delinquent property taxes. Permits county to authorize waiver or reduction of interest if taxpayer demonstrates good and sufficient cause for late payment. Defines "good and sufficient cause" as extraordinary circumstance beyond taxpayer's control that caused late payment. ] Delays to December 15 date on which interest begins to accrue on first one-third of property taxes, and other related charges, not paid when due on November 15. Takes effect on 91st day following adjournment sine die.