§ 111.01. Casualty insurance policies; excise tax imposed.

(A)

There is 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 state insurance commissioner, an excise or license tax in addition to any license tax or excise tax now levied by the city, which the tax shall be in the amount of one 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 license or excise tax herein levied shall be due and payable annually on October 1 of each year hereafter.

(1969 Code, § 22-35; Ord. 203, passed 5-9-74)

State law reference

Excise tax on casualty insurance premiums permitted, see F.S. § 185.08.