O-518-88 ORDINANCE NO. 518-88
AN ORDINANCE AMENDING SECTION 21-16, ARTICLE II, CODE OF
ORDINANCES OF MIAMI SHORES VILLAGE, FLORIDA; REDUCING
TAX ON GROSS CASUALTY INSURANCE PREMIUM; PROVIDING
EFFECTIVE DATE.
BE IT ORDAINED BY MIAMI SHORES VILLAGE, FLORIDA:
Section 1. Section 21-16, Article II, Code of
Ordinances of Miami Shores Village, Florida, reads as follows:
"Sec. 21-16. Casualty insurance premium tax--Levied;
amount.
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, an excise or
license tax in addition to any license tax or excise
tax now levied by the village, which tax shall be in
the amount of one (1) percent of the gross amount of
receipts of premiums from policy holders on all
premiums collected on casualty insurance policies,
covering property within the corporate limits of the
village. "
Section 2. Section 21-16, Article II, Code of
Ordinances of Miami Shores Village, Florida, shall stand amended
to read as follows:
"Sec. 21-16. Casualty insurance premium tax--Levied;
amount.
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, an excise or
license tax in addition to any license tax or excise
tax now levied by the village, which tax shall be in
the amount of . 85 percent of the gross amount of
receipts of premiums from policy holders on all premiums
collected on casualty insurance policies, covering pro-
perty within the corporate limits of the village. "
Section 3. This ordinance shall become effective upon
adoption.
PASSED ON FIRST READING this 4th day of October 1988.
PASSED AND ADOPTED on sec nd readiW-this I
__L,gthday of
October 1988.
N, MAYOR
ATTEST: Village Clerk APPROVED AS TO FORM:
By
Deputy Clerk /Village Attog&y