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Lake Wales (Current through Ordinance 2023-17, Adopted 7-05-2023) |
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Code of Ordinances |
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Chapter 19. Taxation |
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Article III. Insurance Premium Taxes |
| § 19-46. Property insurance premium tax levied. |
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Latest version.
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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 property insurance, as shown by the records of the state insurance commissioner an excise or license tax in addition to any license tax or excise tax now levied by the city which tax shall be in the amount of one and eighty-five hundredths (1.85) percent of the gross amount of receipts of premiums from policy holders on all premiums collected on property insurance policies covering property within the corporate limits of the city. |
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(Code 1962, § 23-14) |
| § 19-47. Casualty insurance premium tax levied. |
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Latest version.
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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 state insurance commissioner, an excise or license tax in addition to any license tax or excise tax now levied by the city which tax shall be in the amount of eighty-five hundredths (.85) percent of the gross amount of receipts of premiums from policyholders on all premiums collected on casualty insurance policies, covering property within the corporate limits of the city. |
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(Code 1962, § 23-15) |
| § 19-48. Date due. |
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Latest version.
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The license or excise tax levied in sections 19-46 and 19-47 shall be due and payable annually on the first day of March of each year. |
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(Code 1962, § 23-15) |