HomeMy WebLinkAboutOrdinance_461_08/12/1993ORDINANCE NO. 461
AN ORDINANCE OF THE VILLAGE COUNCIL OF THE VILLAGE
OF TEQUESTA, PALM BEACH COUNTY, FLORIDA, ASSESSING
AND IMPOSING A 1.85 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 ESTABLISHED FOR THE FIREFIGHTERS OF THE
VILLAGE OF TEQUESTA, FLORIDA; PROVIDING SAID TAX
SHALL BE IN ADDITION TO ALL OTHER LICENSE ~1.~XES NOW
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 the 12th day of August, 1993,
the Village of Tequesta, Florida, established a Retirement
Plan and Trust for the firefighters of the Village of
Tequesta; and
WHEREAS, said Plan and Trust was duly enacted pursuant to
Section 175.351, Florida Statutes, and in compliance with
Chapter 175, Florida Statutes; and
WHEREAS, Section 175.101, Florida Statutes, authorizes the
Village of Tequesta, Florida to levy a 1.85 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 1.85 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, seventy (70) percent of
such premium shall be used as the basis for the 1.85 percent
tax above.
Section 2. All money from taxes imposed by this Ordinance is
hereby appropriated to the Firefighters Retirement Plan and
Trust of the Village which shall be administered in accordance
with the applicable provisions of Chapter 175, 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 175, 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
Collings , who moved its adoption. The
was seconded by Councilmember Schauer
upon being put to a vote, the vote was as follows:
motion
_, and
FOR ADOPTION AGAINST ADOPTION
Ron T. Mackail
Elizabeth A. Schauer
Earl L. Collings
The Mayor thereupon declared the Ordinance duly passed and
adopted this 12th day of August , A.D., 1993.
Mayor of Tequesta
Ron T. Mackail
A~i'TEST
~'oann Manganie to
Village Clerk
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