Fire and tornado insurers; tax levied; amount

In addition to any other lawful license or excise tax now levied by the city, an excise tax amounting to 1.85 percent of the gross amount of receipts of premiums from policyholders on all premiums collected on property insurance policies covering property within the corporate limits of the city is assessed and imposed on every insurance company, corporation or other insurer now engaged in or carrying on or who shall hereafter engage in or carry on the business of property insurance as shown by the records of the state treasurer in his capacity as the insurance commissioner.

(Ord. No. 89-245, § 2(37-52), 9-28-89)

State Law reference— Authority to levy this tax, F.S. § 175.101.