(A) In support of the police officers' retirement fund.
(1) There is 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 state insurance commissioner, an excise or business tax in addition to any business tax or excise tax now levied by the city, which said tax shall be in the amount as provided in § 185.08, Florida Statutes, on all premiums collected on property insurance policies covering property situated within the corporate limits of the city.
(2) In the case of multiple peril policies with a single premium for both property and casualty coverages in such policies, thirty percent (30%) of such premiums shall be used as the basis for the tax as provided in § 185.08, Florida Statutes.
(3) The business or excise tax herein levied shall be due and payable on the first day of March of each year after the adoption of this subchapter.
(B) In support of the firefighters' pension fund.
(1) There is 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 state insurance commissioner, an excise or business tax in addition to any business tax or excise tax now levied by the city, which said tax shall be in the amount provided in § 175.101, Florida Statutes, on all premiums collected on property insurance policies covering property situated within the corporate limits of the city.
(2) In the case of multiple peril policies with a single premium for both property and casualty coverages in such policies, thirty percent (30%) of such premium shall be used as the basis for the tax as provided in § 175.101, Florida Statutes.
(3) The business or excise tax herein levied shall be due and payable on the first day of March of each year after the adoption of this subchapter.
('74 Code, § 13-43) (Ord. 88-34, passed 11-17-88; Am. Ord. 88-35, passed 11-17-88; Am. Ord. 95-38, passed 9-21-95; Am. Ord. 2006-136, passed 12-21-06)