Ordinance 96-1297ORDINANCE NO. 96-1297
Pf o05 OBXIIIG TAX ON INSURERS'
}1
FROM OLICE HOLDERS
ON C
&uRANCELPOLICIES
t
PROPERTPRENIUME COLLECT..
Y WITHIN THE CORPORATE LIMITS OR IRE
CITY OF
ATIOx OF WS O THE RETIREMENT
PLAN AND TRUST ESTABLISHED FOR I B POLICE
SHALL BE I. ADDITION T� ALL OTHER
% LICENSE
I NGWOOD;TA
COLLECTION PROVIDING
SEVERABILITY of PROVIDIEG FOR PROVIDING FICATIONR'OR THE REPEAL 11 CllILICT_l
PROVIDING
WHEREAS, by Resolution adopted the 4th day of December
City of Longwood to levy a .85 percent (.85%) excise tax on
In..u—, Receipts of Premiums from policy holders on all premiums
Collected on causality insurance policies covering property within
the corporate limits of the City of Longwood to fund said
Retirement Plan and Trust; and
WHEREAS, it is the intent of the Commission of the City
of Longwood to levy said ex case t
sECTION 1. There is hereby assess", and imposed
b, every insurance company, corporation, or other insvr"r now
engaged in or carrying on, r who shall hereafter engage it or
carry on, the business of casualty insurance as shown by the
tax amounting to .85 percent (.85%) of the gross amount of .receipts
of premiums fro policyholders — all premiums collected on
casualty insurance policies covering property within the corporate
policies, thirty percent (30%
ba s.is for the .85 percent
ordinance is hereby appropria
and Trust of the City which
with the applicable prov.i s.io
shall be iu addition to al:
hereafter levied by the City
provided for shall be pay —
for by Chapter 1 lurid.
Approved as to form and Segality for the and reliance of the
city Grzn4wcod, F1oz%da, only � J
Y Nor ytos;'
cSl[. SUNG ✓[.ONGWOO�� 4'_o1.S�E