§ 17-1. Excise tax on premiums collected on casualty insurance.

(a)

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 the City of Coral Springs which said tax shall be in the amount of one per cent (1%) 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 City of Coral Springs.

(b)

The license or excise tax herein levied shall be due and payable annually on the first day of March of each year hereafter.

(Ord. No. 73-120, §§ 1, 2, 7-3-73)

Editor's note

Ord. No. 73-120, § 1, did not specifically amend this Code hence inclusion herein as § 17-1 was at the discretion of the editor.