HomeMy Public PortalAboutORD 89/05ORDINANCE NO. 89 -5
AN ORDINANCE OF THE TOWN COMMISSION OF THE TOWN OF GULF STREAM, 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 .85% OF THE
GROSS AMOUNT OF RECEIPTS OF ALL PREMIUMS FROM CASUALTY INSURANCE POLICIES
INSURING PROPERTY WITHIN THE MUNICIPAL LIMITS OF THE TOWN OF GULF STREAM;
AND PROVIDING WHEN SAID TAX SHALL BE DUE AND PAYABLE.
WHEREAS, the Legislature of the State of Florida, by Chapter 28230, Laws of
Florida, 1953 (now Chapter 185 of Florida State 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 Town of Gulf Stream, Florida, to put into
full force and effect the provisions of said Chapter 28230 (Chapter 185
Florida State Statutes) in said municipality, be it ordained by the Town
Commission of the Town of Gulf Stream;
Section 1. That 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 Town of
Gulf Stream, which said tax shall be in the amount of .85%
of the gross amount of receipts of premiums collected on
casualty insurance policies, covering property within the
corporate limits of the Town of Gulf Stream.
Section 2. That the license or excise tax herein levied shall be due and
ORDINANCE NO. 89 -5
payable annually on the first day of March of each year hereafter.
Section 3. This Ordinance shall take effect October 1, 1989.
PASSED AND ADOPTED ON READING THIS DAY OF ,1989.
MAYOR
ATTEST:
Town Manager