HomeMy WebLinkAboutCity of Tamarac Ordinance O-1977-010Proposed by: C/�
Introduced by:
Temp . # .116 3
CITY OF TAMARAC, FLORIDA
ORDINANCE NO. Q- 77 /O
AN ORDINANCE LEVYING AND IMPOSING UPON
EVERY INSURER, NOW OR HEREAFTER ENGAGING
IN THE BUSINESS OF PROPERTY INSURANCE AN
EXCISE OR LICENSE TAX IN ADDITION TO ANY
LAWFUL EXCISE OR LICENSE TAX NOW LEVIED;
PROVIDING FOR COMPUTATION OF TAX; PRO-
VIDING TIME WHEN SAID TAX SHALL BE DUE
AND PAYABLE; PROVIDING A SAVINGS CLAUSE;
REPEALING ALL ORDINANCES IN CONFLICT;
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Legislature of the State of Florida created
a special fund known as the Municipal Firemen's Pension Trust
Fund, and
WHEREAS, Chapter 175 authorizes municipalities falling
within its purview to levy an additional tax upon certain
insurance carriers designated in said Act, and
WHEREAS, the proceeds from said tax are to be used in
support of said Trust Fund mentioned above, and
WHEREAS, the City Council of the City of Tamarac, Florida,
is desirous of implementing the provisions of Chapter 175 of
the Statutes of the State of Florida, and
WHEREAS, the City Council of the City of Tamarac, Florida,
has determined that it would be in the best interests of the Muni-
cipality to create an Ordinance to this effect.
FLORIDA:
NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF TAMARAC,
SECTION 1: That there is hereby assessed, imposed and
levied on every insurance company, corporation or other insurer
now engaged in or carrying on, or who shall engage in or carry on
the business or property insurance as shown by the records of
the Department of Insurance, an excise of license tax in
addition to any lawful license or excise tax now levied by
the City of Tamarac, Florida.
SECTION 2: That the amount of said excise of license
tax referred to in Section 1 shall be two percent (2%) 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 of Tamarac,
Florida.
SECTION 3: In the case of multiple peril policies
with a single premium for both property and casualty coverages
in such policies, seventy percent (70%) of such premium shall
be used as the basis for the two percent (2%) tax above.
SECTION 4: That said license or excise tax herein
levied and assessed shall be due and payable annually on the
first day of March of each year hereafter.
SECTION 5: Should any section or provision of this
Ordinance or any portion thereof, or any paragraph, sentence or
word be declared by a court of competent jurisdiction to be
invalid, such decision shall not affect the validity of the
remainder hereof as a whole or any part hereof other than the
part declared to be invalid.
SECTION 6: All Ordinances or parts of Ordinances
in conflict herewith are hereby repealed to the extent of such
conflict.
SECTION 7: This Ordinance shall become effective
immediately upon its final passage.
PASSED FIRST READING thisjt day of LA- r _ ,1977•
1WM
29
1
1
1
PASSED SECOND READING thisc�3 day of�W4,tzk 1977.
ATTEST:
C T CLE
I HEREBY CERTIFY that I
have approved the form and
correctness of this
ORDINANCE
CITY ATTO[NEY
RECORD
1s`C &,n�
OF COUNCIL V
MAYOR W. FALCK
V/M H. MASSARO�{.
C/M M. WEINBERGER
C/M t. M. DISRAELLY
haF hc�
C/M M. KLIKA�)
6h 3/�
C/M Tucker
C/W Kelch—
`
a
ho 7 unC.iMembers
-3-