§ 12-11. Additional excise/local business tax levied on casualty risk insurers.

Latest version.

(a)

There is hereby assessed, imposed and levied on every insurance company, corporation or other insurer now engaging in or carrying on, or which shall hereafter engage in or carry on, the business of insuring with respect to casualty risks, as shown by the records of the insurance commissioner of the state, an excise or local business tax in addition to any local business tax or excise tax now levied by the city, which tax shall be in the amount of eighty-five hundredths (0.85) percent of the gross amount of receipts of premiums from policyholders on all premiums collected on casualty insurance policies, covering property within the corporate limits of the city.

(b)

The local business or excise tax herein levied shall be due and payable annually on the first day of March of each year hereafter.

(Ord. No. 94-134, §§ 1, 2, 8-29-94; Ord. No. 07O-04-121, § 1, 6-25-07)

State law reference

Municipal police officers' retirement trust fund, F.S. Ch. 185.

                    
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