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 casualty insurance, as shown by the records of the Insurance Commissioner of the state, an excise or license tax in addition to any license tax or excise tax now levied by the town, which said 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 town.
('75 Code, § 21-2(a)) (Ord. 75-6, passed 9-9-75)