§ 19-46. Property insurance premium tax levied.  

Latest version.
  • 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.

(Code 1962, § 23-14)

Cross reference

Firefighters' pension trust fund, § 16-161 et seq.