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 which tax shall be in the amount of one per cent (1%) of the gross amount of receipts of premiums from policyholders on all premiums collected on casualty insurance policies, covering property within the city. The license or excise tax herein levied shall be due and payable annually on the first day of March of each year.
(Code 1958, § 26-1)
State law references-Casualty insurance tax authorized, F.S. § 185.08; proceeds to be paid to police officers' retirement fund or police pension fund, F.S. § 185.11.