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Exh 7AAGENDA ITEM #7A AUGUST 12, 2002 ~, ORDINANCE NO 70-02-15 "' ' AN ORDINANCE OF THE CITY OF ATLANTIC BEACH, FLORIDA, AMENDING CHAPTER ` 20, ~;; TAXATION, ARTICLE IV, INSURANCE PREMIUM - . TAXES, SECTION 20-76, CASUALTY RISKS, TO COMPLY WITH FLORIDA STATUE: 185.08 AND ,,,,,, CHANGING SECTION 20-77, PROPERTY INSURANCE, TO COMPLY WITH FLORIDA STATUE 175.101, PROVIDING FOR CODIFICATION, AND PROVIDING 1+OR AN EFFECTIVE BATE. r., WHEREAS, the City .of Atlantic Beach, Florida maintains a pension: plan for Police Officers, and .~ r WHEREAS, the City of Atlantic. Beach Florida has entered into an agreement with the ...City of Jacksonville, Duval County, Florida to provide fire services, and c-., WHEREAS, Chapter 20, Taxation, Article tV, Insurance Premium Taxes,. of the Code of Ordinances of the City of Atlantic Beach, Florida, must comply with all State and Federal laws governing. taxation and is hereby amended as follows: NOW THEREFORE, BE 1T ENACTED BY THE CITY COMMISSION ON BEHALF OF "" - THE PEOPLE OF THE CITY OF ATLANTIC BEACH; FLORIDA, AS FOLLOWS: Chapter 20, Taxation,: Article IV, insurance Premium Taxes, Section 20-76, Casualty `"" risks and Section 20-77, .Property .insurance, are hereby amended as follows: Sec. 20-76. Casualty risks. 8. There is hereby assessed, imposed and levied on every insucance 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 {icense tax in addition to any license tax or excise or license tax in addition to any license tax or `~ .excise tax now levied by the city, which tax shall be in the amount ^f ^^^ ~~ ` ^°~^^^+ as e ° established by Florida Statue 185.08 of the gross amount or receipts of premiums from. ~„ policyholders on all premiums collected on casualty insurance policies covering property .;within he corporate limits of the city. ~- e ,- AGEND ~ I'CE~I #7A AUGUST 12, 2002 ~. ,~., Sec. 20-77. Property insurance. 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 property insurance, as shown bythe records of :.the insurance commissioner of the state, an excise or {icense tax in addition to any license tax or excise tax now levied by the city, which tax shall be in the amount ef-t~e ~ 1'";i as established by Florida Statue 175.101 of the gross amount or receipts of premiums from po{icyho{ders on all premiums collected on property insurance policies `covering property within the corporate limits of the city. PASSED by the City Commission on first reading this day of 2002. PASSED by the City Commission on second and final readingthis day of ~"" - 2002. ~- ATTEST: ,., Maureen King, City Clerk John Meserve, Mayor , s~^ Approved as to form and correctness: f"' ~,; a t. ~~GE\~D~ ITEM #7A ~+ AUGUST 12, 2002 ~„ ,. _ ~ '~ ~ ~:: x ~ ~' . .. ... ~ .:... . . .. -. .... ..,4 ... ,. .. , , ~ .. . ~ .. .... . ;. ~_ /' • The 2001 Florida Statutes ' Title XII - Chapter 175 View Entire Chapter Municipalities. Firefighter Pensions '175.101 State excise tax an property insurance premiums authorized; procedure.--For '" any municipality, special. fire control district, chapter plan, local law municipality, local law special fire control district, or local law plan under this chapter. ~, (I) Each municipality or special. fire control district in this state described and classified in s. 75. 41, having. a (awfully established firefighters' pension trust fund or municipal fund or special P. ~ fire control district fund, by whatever name known, providing pension benefits to firefighters as provided under this chapter, may assess and impose on every insurance company, corporation, or ~"' other insurer now engaged in or carrying on, or who shall hereinafter engage in or carry on, the business of property insurance as shown by the records of the Department of Insurance an excise tax in addition to any lawful license or excise tax now levied by each of the municipalities or ,~,,, special :fire. contro( districts, respectively, amounting to 1.85 percent of the gross amount of receipts of premiums from policyholders on all premiums collected on property insurance policies ".covering property within the corporate limits of such municipalities or within the legally defined boundaries of special fire control districts, respectively. Whenever the boundaries of a special fire • r- contro( district that has lawfully established a firefighters' pension trust fund encompass a portion of the corporate territory.of a municipality that .has also lawfully established a firefighters' pension trust fund, that portion of the tax receipts attributable to insurance policies covering property . situated both within the municipality and the special fire control district shall be given to the fire ~'` service provider. The agent sha[I identify the fire service provider on the property owner's application for insurance. Remaining revenues collected pursuant to this chapter shall be ~" distributed o the municipality or special fire control district according to the location of the insured property. ~.. ' . (2) In the case of multiple-peril policies with a single premium for both the property and casualty coverages in .such policies, 70 percent of such premium shall be used as the basis far the 1.85- , °'"'" percent tax. (3) This .excise tax shall be payable annually on-March 1 of each year after the passage of an ~, ordinance, in the case of amunicipality,or resolution, i.n the case of a special fire control district, E assessing and imposing the tax authorized by this section. Installments of taxes shall be paid w according to the provision,of s. 6~4 5092(2)(a) (b), and (c). ""'"" History.--s. i, ch. 63-249; s: 2, ch. 67-218; ss. 13, 35 ch. 69-106; s. 6, ch. 81-I68; s. 6, ch. 86-41; s. 23, ch. 87-99; s. 14, ch. 88-206; s. 10, ch. 89-167; s. 19, ch. 93-193; s: $, ch. 99-1. Welcome • e sion • CornmittePG • ~eQislators • Information Cent r • Statutes and constitution • i of rma 'ori - a,,,, Disclaimer: The information on this system is unverified. The journals or printed bills of the respective chambers should be consulted for official purposes. Copyright @2000-2002 State of Floridd. Contae+ arc, Privacy Stat m nr .., ~: _ AGENDA ITEM #7A h•+ :AUGUST 12, 3002 ::.. ,~~ ~~, . .... . ,., . . . ..... . .... - .. .... ... _ . . ... , , .~ ..... .} _ .,: .. ~. ~~ ~.. , ~** The 2001. Florida Statutes ,_ - Title XII Chanter 185 View Entire Chapter { Municipalities Municipal Police Pensions '" 185.08 State excise tax on casualty insurance premiums authorized; p.rocedure.--For any !~ ' . municipality, chapter plan, local law municipality, or local law plan under this chapter: (1) Each incorporated municipality in this state described and classified in s. 8 .03, as well as ~,,, ~ each other city or town of this state which on July 31, 1953, had a lawfully established municipal x ~ police officers' retirement trust fund or city fund, by whatever name known, providing pension or ': . ~ relief benefits to police officers as provided under this chapter, may assess and impose 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 casualty insurance as shown by records of the.. Department of Insurance, an excise tax in addition to any lawful license or excise-tax now levied by each of the said municipalities, respectively, amounting to .85 percent of the gross amount of ~' receipts of premiums from policyholders oh all premiums collected on casualty insurance policies covering property within the corporate limits of such rnunicipalities, respectively. ' (2) In, the case of multiple peril policies with a single premium for both property and casualty ~ ° - . coverages in such policies,. 30 percent of such premium shall be used as the basis for the .85- r percent tax above: , ~..,, (3} The excise tax shall be payable annually March 1 of each year after the passing of an .ordinance assessing and imposing the tax herein authorized. Installments of taxes shall be paid according to the provisions of s. 624.5092(2)(a), (b), and .(c). "'~ History.--s. 5 ch. 28230 1953• s. 2 ch. 61-119• s. 1 ch. 63-196• ss. 13 35 ch. 69--106• s. 7 ch. 86-42; s. 24, ch. 87-99; s. 15, ch. 88-206; s: II, ch. 89-167; s.'944, ch. 95-147; s. 48, ch. 99-1. _ e^~* , F p " ~ Wefcame • i n • Committees • Legislators `• Information Center • Statutes and Constitution • Lobbyist Information rp+ ., .:. Disclaimer: The information on this system is unverified. The journals or printed bills of the respective chambers should be consulted for officio( purposes. Copyright ©2000-2002 State of Florida. Contact us. Privacy Statement '-, AGENDA ITEM #7A AUGtiST 12, 2002 .,, ~; _ ~' , ~ r,' _ • . A2~.~NTLC PEACH CODE • ~ r . ..... . _ ;: ,• .- • ARTICLE N IlYSURA`rCE PR.L~i Iti~1 TA,~ES Sec. 20-?&..Casualty risks. ~ . ^^ . There is hereby assessed,.imposed aad levied ou ev• ~ . ery insurance coingaay,. corgoratian or . othe i . r nsurer now en;agin.g in or carr,~iu.g ozt, ar which shall hereafter engage ixt ar carry an the business or insuring with res ect t l '"""' ; . p o casua ty .risks, as shown by the records of the insurance comrnissioaer of the state, ari excise or license tax is addition to an7• li ense ta • . c x or excise tax now levied by the city, which tax shall 6e ~, the aas,oun.t of one (1} percent•of the amass ~.., amount of recei is of . P premiums far policyholders oa all premit~ma collected an ;casualty i n e ~ . . nsura c polia.es, covering Prup~y ~~. the carporate•liusits of the.citg .. ~(Ord •No ~ 45 SO . .: . - -~, 9-8-80) R.,., :State law reference-Authority far this secti,o~, g.S. § 185.Q8.. P rty ~suraizxce. ~ - ' `~' :. ~ ~. • ,: _ : . ;:. . •There •is hereh V • y assessed, imposed and levied an every incuZall,Ce compaay,.'corporatzoa ar . .at3ler insurer noov en a in ~ _ . g g g 1a or ~ carryin.G aa, or which shall hereafter engage is or carry. on -the business of property insu e "~ ranc , a5 sha~vn, by the records of the irisvrance cammissaoaer of ~ the state, as excise or Iicease tax in additioa to any Hcense tax o x i ~ ; r e c se ta.x now Iesied by the• city, which tax shalt be in the aaiouat of two 2 - . () gerceat of the s • r gro s amount or receipts of _ •premiums .from policyholders an aII ~*^;ums collected e '~ ~ or. • rop _ insuran.ce pglicies .cavpTt7lg pro e P r~5 . p rty within .the . corgarate• limits of -the city. • •. (Ord.. Na.~ 45-80A, 9-8-80) . .~ ....State IoW .x~fexence•--4uthorztp far this. sectiait, F'.S. § .Z?5.Z01. • . . Sec..20-?8. ,Payment date. . ~••, z • ; :The Iir._ase or eseise~taxes levied is section 20-?B or 20--77 s~sail be due and payable aaauallp an the first day' of t~rlarcb f ~ , o each. year::: '..(Ord Na.:4.5-80~., 9~9-8a) ~ .. •