5.1607: FOREIGN FIRE INSURANCE TAX IMPOSED:
Every corporation, company, and association which is not incorporated under the laws of this state and which is engaged in effecting fire insurance in the village of Mount Prospect, shall pay to the director of finance for the maintenance, use, and benefit of the fire department thereof, a tax in the amount of two percent (2%) of the gross receipts received from fire insurance upon property situated within the village. All payments under the provisions of this article shall be made on or before July 15 following the termination of the year for which such payments are due. (Ord. 6149, 8-5-2014)