HomeMy WebLinkAboutOrd. 91-10
ORDINANCE NO. 91-10
.
AN ORDINANCE OF THE CITY OF OCOEE, FLORIDA,
CREATING AN ARTICLE III OF CHAPTER 20 OF
THE CODE OF ORDINANCES OF THE CITY OF OCOEE
WHICH LEVIES AN EXCISE TAX ON CASUALTY INSURERS
AND PROPERTY INSURERS, SAID TAX BEING AT
THE RATE OF .85% AND 1.85%, RESPECTIVELY,
OF THE GROSS AMOUNT OF RECEIPTS OF PREMIUMS
FROM POLICYHOLDERS ON ALL PREMIUMS COLLECTED
ON CASUALITY AND PROPERTY INSURANCE WITHIN
THE CORPORATE LIMITS OF THE CITY OF OCOEE;
PROVIDING FOR COPIES TO STATE AGENCIES;
PROVIDING FOR SEVERABILITY; PROVIDING AN
EFFECTIVE DATE.
BE IT ENACTED BY THE CITY COMMISSION OF THE CITY OF
OCOEE, FLORIDA, AS FOLLOWS:
SECTION 1. Authoritv to Levv Tax. The City Commission
of the City of Ocoee has the authority to adopt this Ordinance
pursuant to sections 175.101 and 185.08, Florida Statutes,
Article VIII of the Constitution of the State of Florida and
Chapter 166, Florida statutes.
SECTION 2. A new Article III of Chapter 20 of the Code
of Ordinances of the City of Ocoee, Florida, is hereby created
and reads as follows:
Article III. INSURANCE COMPANIES.
section 20-25. Excise Tax on Insurance Companies.
(a)
Casualty risks insurance
.
(1) There is hereby asssessed, imposed and levied
on every insurance company, corporation, or
other insurer now engaging in or carrying on,
or which shall hereafter engage in or carryon,
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. This tax shall be in the
amount of .85% 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.
(2) The license or excise tax herein levied shall
be due and payable annually on the first day of
March of each year hereafter.
(b) Property Insurance
(1) 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 carryon, 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. This tax shall
be in the amount of 1.85% of the gross amount of
receipts of premiums from policyholders on all
premiums collected on property insurance policies
covering property within the corporate limits of
the city.
(2) The license or excise tax herein levied shall
be due and payable annually on the first day of
March of each year hereafter.
SECTION 3. The City Clerk is hereby directed to
provide a certified copy of this ordinance to both the Florida
Department of Banking and Finance and the Florida Department of
.
Insurance.
SECTION 4. Severability. If any section, subsection,
sentence, clause, phrase or portion of this Ordinance is for any
reason held invalid or unconstitutional by any court of
competent jurisdiction, such portion shall be deemed a separate,
distinct and independent provision and such holding shall not
affect the validity of the remaining portion hereto.
SECTION 5. Effective Date. This Ordinance shall
become effective immediately upon passage and adoption.
PASSED AND ADOPTED this ,J./~ day of Jvtk1f ' 1991.
APPROVED:
ATTEST:
CITY OF OCOEE, FLORIDA
( SEAL)
ADVERTISED
READ FIRST
READ SECOND
,A A-'f oJ ,
May 9 ,1991
TIME May 7 ,1991
TIME AND ADOPTED
, 1991
FOR USE AND RELIANCE ONLY BY
THE CITY OF OCOEE, FLORIDA
APPRO~rllAS TO FORM AND LEGALITY
this day of !0..r.JL7 ,1991.
.
FOLEY &!ij( /J~
By: ((11 ~
City Attorney
APPROVED BY THE OCOEE CITY
COMMISSION AT A MEETING
HELD ON /lAtkf 1-( , 1991
UNDER AGENDA ITEM NO. V E
public/mh4758D(3)
(05/01/91)
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