Senate Bill sb2684
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2007 SB 2684
By Senator Aronberg
27-1645-07 See HB 769
1 A bill to be entitled
2 An act relating to state excise tax on casualty
3 insurance premiums; amending s. 185.08, F.S.;
4 authorizing certain municipalities to assess
5 and impose the tax to receive certain police
6 protection services; requiring an interlocal
7 agreement; providing agreement requirements;
8 providing for distribution of tax proceeds;
9 providing an effective date.
10
11 Be It Enacted by the Legislature of the State of Florida:
12
13 Section 1. Subsection (1) of section 185.08, Florida
14 Statutes, is amended to read:
15 185.08 State excise tax on casualty insurance premiums
16 authorized; procedure.--For any municipality, chapter plan,
17 local law municipality, or local law plan under this chapter:
18 (1)(a) Each incorporated municipality in this state
19 described and classified in s. 185.03, as well as each other
20 city or town of this state which on July 31, 1953, had a
21 lawfully established municipal police officers' retirement
22 trust fund or city fund, by whatever name known, providing
23 pension or relief benefits to police officers as provided
24 under this chapter, may assess and impose on every insurance
25 company, corporation, or other insurer now engaged in or
26 carrying on, or who shall hereafter engage in or carry on, the
27 business of casualty insurance as shown by records of the
28 Office of Insurance Regulation of the Financial Services
29 Commission, an excise tax in addition to any lawful license or
30 excise tax now levied by each of the said municipalities,
31 respectively, amounting to .85 percent of the gross amount of
1
CODING: Words stricken are deletions; words underlined are additions.
Florida Senate - 2007 SB 2684
27-1645-07 See HB 769
1 receipts of premiums from policyholders on all premiums
2 collected on casualty insurance policies covering property
3 within the corporate limits of such municipalities,
4 respectively.
5 (b) An incorporated municipality that is not otherwise
6 eligible to assess and impose the tax authorized in paragraph
7 (a) may assess and impose the tax only pursuant to an
8 interlocal agreement with another incorporated municipality
9 eligible to assess and impose the tax authorized in paragraph
10 (a) that agrees to provide police protection services to the
11 otherwise ineligible municipality in its entirety and for at
12 least 12 months in exchange for receiving the proceeds of the
13 tax. The excise tax may be levied on all premiums collected on
14 casualty insurance policies covering property located within
15 the corporate limits of the municipality receiving the police
16 protection services. In order to be eligible to receive such
17 premium taxes, the municipality providing the police services
18 must notify the division that it has entered into an
19 interlocal agreement with another municipality to provide
20 police protection services to that municipality. The
21 municipality receiving the police services may enact an
22 ordinance levying the tax as provided in this section. Upon
23 being provided copies of the interlocal agreement and the
24 municipal ordinance levying the tax, the division may
25 distribute any premium taxes reported for the municipality
26 receiving the police services to the participating
27 municipality providing the police services as long as the
28 interlocal agreement is in effect.
29 Section 2. This act shall take effect upon becoming a
30 law.
31
2
CODING: Words stricken are deletions; words underlined are additions.