A. Tax Imposed 1 : Any foreign fire insurance broker who is engaged in effecting fire insurance in the City shall pay to the Finance Director for the maintenance, use and benefit of the Fire Department Pension Fund a sum of money equal to two percent (2%) of the gross receipts received each year upon fire insurance policies by all agents of such broker for any insurance effected or agreed to be effected on property in the City by or with the broker during each year. (1976 Code § 6-15-2; amd. Ord. O-24-2018, 11-19-2018)
B. Report Required: Every person acting as representative in the City for or on behalf of any foreign fire insurance broker shall, on or before July 15 of each year, render to the Finance Director a full, true and just account, verified by his oath, of all premiums which have been received by him or on behalf of the broker during the year ending the preceding July 1 on such fire insurance policies. (1976 Code § 6-15-3; amd. Ord. O-24-2018, 11-19-2018)
C. Payment Of Tax: All payments under the provisions of this section shall be made on or before July 15 following the termination of the year for which such payments are due. (1976 Code § 6-15-4)
D. Compliance With Provisions: No corporation or association not incorporated under the laws of the State shall engage in effecting fire insurance in the City or to transact any business of fire insurance in the City without fully complying with the provisions of this section. (1976 Code § 6-15-1)
Notes
| 1 | 1. See also section 3-1A-1 of this title. |