HomeMy WebLinkAboutOrdinance_519_09/12/1996•
ORDINANCE NO. 519
AN ORDINANCE OF THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY,
FLORIDA, ASSESSING AND IMPOSING A .85 PERCENT
EXCISE TAX ON INSURERS' RECEIPTS OF PREMIUMS
FROM POLICY HOLDERS ON ALL PREMIUMS COLLECTED
ON PROPERTY INSURANCE POLICIES COVERING
PROPERTY WITHIN THE CORPORATE LIMITS OF THE
VILLAGE OF TEQUESTA, FLORIDA; PROVIDING FOR
THE APPROPRIATION OF SAID TAXES TO THE
RETIREMENT PLAN AND TRUST ACCOUNT ESTABLISHED
FOR THE POLICE OFFICERS OF THE VILLAGE OF
TEQUESTA, FLORIDA; PROVIDING SAID TAX SHALL BE
IN ADDITION TO ALL OTHER LICENSE TAXES NOT
LEVIED OR HEREAFTER LEVIED BY THE VILLAGE OF
TEQUESTA, FLORIDA; PROVIDING FOR THE PAYMENT
AND COLLECTION OF SAID TAX; PROVIDING FOR
SEVERABILITY; PROVIDING FOR CODIFICATION;
PROVIDING FOR THE REPEAL OF CONFLICTING
ORDINANCES; PROVIDING AN EFFECTIVE DATE.
WHEREAS, by Ordinance adopted
Tequesta, Florida established
• the employees of the Village
officers; and
July 30, 1996, the Village of
a Retirement Plan and Trust for
of Tequesta, including police
WHEREAS, said Plan and Trust was duly enacted pursuant to
Section 185.35, Florida Statutes, and in compliance with
Chapter 185, Florida Statutes; and
WHEREAS, Section 185.08, Florida Statutes, authorizes the
Village of Tequesta, Florida, to levy a .85 percent excise tax
on Insurers' Receipts of Premiums from policy holders on all
premiums collected on property insurance policies covering
property within the corporate limits of the Village of
Tequesta, Florida, to fund said Retirement Plan and Trust; and
WHEREAS, it is the intent of the Village Council of the
Village of Tequesta, Florida, to levy said excise tax.
NOW, THEREFORE, BE IT ORDAINED BY THE VILLAGE COUNCIL OF THE
VILLAGE OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, AS FOLLOWS:
Section 1. 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 property insurance as shown by the records
of the State Department of Insurance, an excise or license tax
amounting to .85 percent of the gross amount of receipts of
premiums from policy holders on all premiums collected on
property insurance policies covering property within the
• corporate limits of the Village. In case of multiple peril
policies with a single premium for both the property and
casualty coverages in such policies, thirty (30) percent of
such premium shall be used as the basis for the .85 percent
tax above.
Section 2. All money from taxes imposed by this Ordinance is
hereby appropriated to the Police Officers Retirement Plan and
Trust Account of the Village which shall be administered in
accordance with the applicable provisions of Chapter 185,
Florida Statutes.
Section 3. The tax herein assessed and imposed shall be in
addition to all other license taxes now levied or hereafter
levied by the Village.
Section 4. The excise or license tax herein provided for
shall be payable and collected in the manner provided for by
Chapter 185, Florida Statutes.
Section 5. This Ordinance shall remain in full force until
supplemented, amended, repealed or otherwise altered.
Section 6. If any provision of this Ordinance or the
application thereof is held invalid, such invalidity shall not
affect the other provisions or applications of this Ordinance
which can be given effect without the invalid provisions or
applications, and to this end, the provisions of this
Ordinance are hereby declared severable.
Section 7. This Ordinance shall be codified and made a part
of the official Code of Ordinances of the Village of Tequesta.
Section 8. This Ordinance hereby repeals all Ordinances in
conflict herewith.
Section 9. This Ordinance shall take effect upon its passage
and approval.
THE FOREGOING ORDINANCE WAS OFFERED BY Councilmember Schauer
who moved its adoption. The motion was seconded by
Councilmember Meder , and upon being put to a vote, the
vote was as follows:
FOR ADOPTION AGAINST ADOPTION
Joseph N. Capretta
Carl C. Hansen
Ron T. Maclcail
rQichael R. ~4eder
Elizabeth A. Schauer
The Mayor thereupon declared the Ordinance duly passed and
adopted this 12th day of September, A.D., 1996.
Mayor of Tequesta
c~
Ron T. Mackail
FTTEST:
oann Mangan' llo
Village Clerk
wp60\ord\excisetax
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