ORDINANCE 8269
ORDINANCE NO. 28 -74 -826
AN ORDINANCE OF THE CITY OF SOUTH MIAMI,
FLORIDA, LEVYING AND IMPOSING UPON ALL
INSURERS, NOW OR HEREAFTER ENGAGING IN
OR CARRYING ON THE BUSINESS OF INSURING
WITH RESPECT TO CASUALTY RISKS AN EXCISE
OR LICENSE TAX IN ADDITION TO ANY TAX NOW
LEVIED, OF 1/ OF THE GROSS AMOUNT OF
RECEIPTS OF ALL PREMIUMS FROM CASUALTY
INSURANCE POLICIES INSURING PROPERTY WITHIN
THE MUNICIPAL LIMITS OF THE CITY OF SOUTH
MIAMI; AND PROVIDING WHEN SAID TAX SHALL BE
DUE AND PAYABLE.
WHEREAS, the Legislature of the State of Florida, by
Chapter 185 of the Florida Statutes, created a Special Fund known
as the "Municipal Police Officers' Retirement Trust Fund "' and
thereby authorized municipalities falling within the purview of
said act,, to levy an additional tax upon such insurance carriers
designated in said act, the said proceeds from said tax to be
used in partial support of said fund, and
WHEREAS, it is the desire of the City of South Miami
to put into full force and effect the provisions of said Chapter
185' in said municipality.
NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY
COUNCIL OF THE CITY OF SOUTH MIAMI, FLORIDA:
Section 1. 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 of Florida, an excise or license tax in addition to any
license tax or excise tax now levied by the City of South Miami,
which said tax shall be in the amount of 11%, of the gross amount
of receipts of premiums from policyholders on all premiums
collected on caaualty insurance policies, covering property within
the corporate .11mits of the City of Seth Miami,
a1—
Al
Section 2. The license or excise tax herein levied
shall be due and payable annually on the first day of March of
each year hereafter.
PASSED and ADOPTED this 4th day of June ,1974.
APPROVED:
1
Mayor
Attest:
City Clerk
Passed on First Reading: May 7, 1974
Passed on Second Reading: June 4, 1974
Moved by Ftlndk'
Seconded by _ Willis
Yes No
Block X
Willis X'
Gibson X
Lantz abs
McCann X