Senate Bill sb1624

    Florida Senate - 2005                                  SB 1624

    By Senator Campbell





    32-1147-05                                              See HB

  1                      A bill to be entitled

  2         An act relating to the state excise tax on

  3         property insurance premiums; amending s.

  4         175.101, F.S.; authorizing municipalities

  5         providing fire protection in other

  6         municipalities to assess and impose such tax on

  7         premiums of policies on property in such other

  8         municipalities; providing an effective date.

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10  Be It Enacted by the Legislature of the State of Florida:

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12         Section 1.  Subsection (1) of section 175.101, Florida

13  Statutes, is amended to read:

14         175.101  State excise tax on property insurance

15  premiums authorized; procedure.--For any municipality, special

16  fire control district, chapter plan, local law municipality,

17  local law special fire control district, or local law plan

18  under this chapter:

19         (1)  Each municipality or special fire control district

20  in this state described and classified in s. 175.041, having a

21  lawfully established firefighters' pension trust fund or

22  municipal fund or special fire control district fund, by

23  whatever name known, providing pension benefits to

24  firefighters as provided under this chapter, may assess and

25  impose on every insurance company, corporation, or other

26  insurer now engaged in or carrying on, or who shall

27  hereinafter engage in or carry on, the business of property

28  insurance as shown by the records of the Office of Insurance

29  Regulation of the Financial Services Commission an excise tax

30  in addition to any lawful license or excise tax now levied by

31  each of the municipalities or special fire control districts,

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2005                                  SB 1624
    32-1147-05                                              See HB




 1  respectively, amounting to 1.85 percent of the gross amount of

 2  receipts of premiums from policyholders on all premiums

 3  collected on property insurance policies covering property

 4  within the corporate limits of such municipalities or within

 5  the legally defined boundaries of special fire control

 6  districts, respectively. Any municipality which provides fire

 7  protection to any other incorporated municipality may assess

 8  and impose on such insurance companies, corporations, or other

 9  insurers the excise tax authorized in this subsection on the

10  gross amount of receipts of premiums from policyholders on all

11  premiums collected on property insurance policies covering

12  property within the corporate limits of such other

13  incorporated municipality. Whenever the boundaries of a

14  special fire control district that has lawfully established a

15  firefighters' pension trust fund encompass a portion of the

16  corporate territory of a municipality that has also lawfully

17  established a firefighters' pension trust fund, that portion

18  of the tax receipts attributable to insurance policies

19  covering property situated both within the municipality and

20  the special fire control district shall be given to the fire

21  service provider. The agent shall identify the fire service

22  provider on the property owner's application for insurance.

23  Remaining revenues collected pursuant to this chapter shall be

24  distributed to the municipality or special fire control

25  district according to the location of the insured property.

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27  This section also applies to any municipality consisting of a

28  single consolidated government which is made up of a former

29  county and one or more municipalities, consolidated pursuant

30  to the authority in s. 3 or s. 6(e), Art. VIII of the State

31  Constitution, and to property insurance policies covering

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CODING: Words stricken are deletions; words underlined are additions.






    Florida Senate - 2005                                  SB 1624
    32-1147-05                                              See HB




 1  property within the boundaries of the consolidated government,

 2  regardless of whether the properties are located within one or

 3  more separately incorporated areas within the consolidated

 4  government, provided the properties are being provided fire

 5  protection services by the consolidated government.

 6         Section 2.  This act shall take effect July 1, 2005.

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CODING: Words stricken are deletions; words underlined are additions.