§ 66-4. Same—For police officers' retirement trust fund.

(a)

There is hereby 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 insuring with respect to casualty risks, as shown by the records of the insurance commissioner of the state, an excise or license tax in addition to any license or excise tax now levied by the city, which tax shall be in the amount of one percent of the gross amount of receipts of premiums from policyholders on all premiums collected on casualty insurance policies, covering 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 police officers' retirement trust fund of the city, which shall be administered pursuant to F.S. ch. 185, which provides for the creation and administration of such a fund.

(c)

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

(d)

The excise or license tax assessed in subsection (a) of this section shall be payable annually on March 1 of each year and shall be collected as provided by F.S. ch. 185.

(Code 1981, § 18-3)