§ 66-3. Insurance business license or excise tax—For firemen's pension trust fund.

(a)

There is hereby assessed and imposed on every insurance company, corporation or other insurer now engaged in or carrying on or who shall hereafter engage in or carry on the business of insuring property in the city, an excise or license tax equal to two percent of the gross amount of the premiums paid by policy holders on property within the corporate limits of the city.

(b)

All money derived from the taxes imposed by subsection (a) hereof shall hereby be appropriated to the firemen's pension trust fund of the city which shall be administered pursuant to F.S. ch. 175, which provides for the creation and administration of a municipal firemen's pension trust fund.

(c)

The tax hereby assessed or imposed by subsection (a) hereof shall be in addition to all other license taxes now levied by the city.

(d)

The excise or license tax assessed in subsection (a) hereof shall be payable and collected as provided by F.S. ch. 175.

(Code 1981, § 18-2)