§ 70-466. Assessed.

Latest version.

There is assessed and imposed on every insurance company, corporation or other insurer in the city engaged in or carrying on or who shall engage in or carry on the business of insuring property against loss or damage by fire or tornado an excise or license tax amounting to two percent of the gross amount of receipts of premiums from policyholders on all premiums collected on fire and tornado insurance policies covering property within the city limits.

(Code 1960, § 24-55; Ord. No. 81-62, § 2, 5-26-1981)

                    
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