§ 12-56. Additional tax on certain insurance carriers.

(a)

There is hereby assessed, imposed and levied on every insurance company, corporation or other insurer now engaged in or carrying on, or who shall engage in or carry on the business of property insurance as shown by the records of the department of insurance, an excise or tax in addition to any lawful local business tax or excise tax now levied by the city.

(b)

The amount of said excise tax in subsection (a) shall be the maximum percentage permitted by law and shall not exceed the percentage permitted in Section 175.101 of the Florida Statutes as existing or as may be amended.

(c)

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

(Ord. No. 77-132, §§ 1—4, 8-1-77; Ord. No. 90-119, § 1, 7-16-90; Ord. No. 07O-04-121, § 1, 6-25-07)