O-292-59 N�
ORDINANCE NO. 292
AN ORDINANCE LEVYING AND IMPOSING UPON
ALL INSURERS, NOW OR HEREAFTER ENGAG-
ING 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 PROP-
ERTY WITHIN THE MUNICIPAL LIMITS OF MIAMI
SHORES VILLAGE, FLORIDA; 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, created a Special fund known
as the "Police Officers-1 Retirement Fund" and thereby authorized
municipalities &lling within the purview of said act, to levy an additional
tax upon such insurance carriers designated in said act, the said pro-
ceeds from said tax to be used in partial support of said fund, and
WBEREAS, it is the desire of Miami Shores Village to put
into full force and effect the provisions of said Chapter 28230 in said
municipality,
BE IT ORDAINED BY MIAMI SHORES VILLAGE:
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 Miami Shores Village, which said tax shall be in the
amount of 1% of the gross amount of receipts of premiums from policy
holders an all premiums collected on casualty insurance policies, cover-
ing property within the corporate limits of Miami Shores Village.
Section 2. That the license or excise tax herein levied
shall be due and payable annually on the first day of March of each year
hereafter.
Section 3. All ordinances and parts of ordinances
in conflict herewith be and the same are hereby repealed.
Section 4. This ordinance shall go into effect
immediately upon its passage,
PASSED AND ADOPTED this Sth day of May, 1959.
Mayor
ATTEST:
Village rk
219JL