HomeMy WebLinkAboutOrdinances Book 10, Page 926, No Ordinance Number• i1/J
�v AN ORDINANCE AMENDING SECTION 100 OF AN ORDINANCE
\'Aa1 ry ENTITLED: "AN ORDINANCE FIXING AND REGULATING THE LICENSE TAXES,
Ij Q AND MANNER AND FORM OF GRANTING AND ISSUING SANE ON THE VARIOUS
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\� LINES OF BUSINESS, OCCUPATIONS, PROFESSIONS, :TRADES AND CALLINGS
IN THE CITY OF PADUCAH, KENTUCKY, AND PROVIDING PENALTIES FOR NON-
PAYMENT THEREOF, AND FOR VIOLATION THEREOF"', AND @.TAKING IT UNLAWFUL
TO ENGAGE @N ANY SUCH LINES OF 2USINESS, OCCUPATIONS, PROCESSIONS,
TRADES AND CALLINGS WITHOUT FIRST PAYING THE LICENSE TAY. AND
PROCURING LICENSES AS PROVIDED HEREIN", INHICH ORDINANCE WAS ADOPTED
BY THE BOARD OF COMMISSIONERS OF THE CITY OF PADUCAH ON DECEMBER
30th, 1940, AND SECTION 100 THEREOF 17A3 AMENDED BY ORDINANCE ADOPTED
BY SAID BOARD ON JANUARY 21st, 1941.
BE IT ORDAINED BY TIIE BOARD OF COM1.113SIONERS OF THE
CITY OF PADUCAH, KENTUCKY:
SEC TIO"T 1.
That Section 100 of an ordinance entitled: "AN
ORDINANCE FIXING AND REGULATING T17M, LICENSE TAXES,AND MANNER
AND FORM OF GRANTING AND ISSUING SAME ON THE VARIOUS LINES OF
BUSINESS, OCCUPATIONS, PROFESSIONS, TRADES AND CALLINGS IN THE
CITY OF PADUCAH, KENTUCKY, AND PROVIDING PENALTIES FOR NON-PAYMENT
THEREOF, AND FOR VIOLATION THEREOF, AND MAKING IT UNLAITFUL TO
ENGAGE IN ANY SUCH LINES OF BUSINESS, OCCUPATIONS, PROFESSIONS
TRADES AND CALLINGS WITHOUT FIRST PAYING THE LICENSE TAX AND PRO-
CURING LICENSES AS PROVIDED HEREIN", which ordinance was adopted
by the Board of Commissioners of the City of Paducah on December
30th, 1940, and Section 100 thereof was amended by ordinance
adopted by said Board on January 21st, 1941, be and the same
is hereby amended so that said section as so amended shall read
as follows: -
SECTION 100- Insurance
Llfe Insurance Companies
Each life insurance company, including any company
doing industrial life insurance business, shall be required to
pay to the City of Paducah a license tax in an amount equal to
3% of all premiums received by it during the currect taxable
year for new policies or new contracts of life, health, accident
and hospitalization insurance issued upon persons residing in the
city, but said license tax shall be not less than „5.00 a year.
Companies other than Life.
Each casualty, fire and marine insurance company, mutual
insurance company, any Lloyd's organization or reciprocal or inter-,
insurance exchange, together with any finance company placing and/or
collecting insurance premiums on accounts handled by such company,
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and also including all companies writing policies covering auto-
mobile liability, public liability, general liability, manufactureri's
public liability, elevator liability, contractor(s liability, house-
hold liability, residence theft, pay -master robbery, general burglary,
bank burglary and robbery, group disability, forgery, mercantile
safe burglary, marine, plate glass, messegger or interior robbery,
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automobile collision, automobile .fire and theft, all forms of
surety bonds, fire, flood and hall, all other forms of liability
casualty and hazard insurance upon real and personal property, and
with the exception of workmens compensation insurance, all other
risks not specifically enumerated herein, shall pay a license
tax in an amount equal to 3% of all premiums received by
such company during the current taxable year upon all insurance
policies and other contracts of insurance issued or renewed during
said year upon persons residing in or property located within the
corporate limits of the city, bur said license tax shall not be less
than +x5.00 a year.
The license taxes imposed under the provisions of
" this section shall be due and payable on January 1st of each
year beginning January 1st, 1944. Each insurance company shall '
pay on said date an amount equal to the license taxes paid by
it during the preceding year and the City Treasurer shall issue
to said Company a license to engage in business from Janaary
1st to December 31st. Within thirty days after December 31st each
company shall be required to file with the City Treasurer a
sworn statement showing the total amount of all premiums received
during the year ending December 31st and in the event any
additional license taxes based upon premiums received during
said current taxable year shall then be due, said additional
taxes shall be paid on or before February lst. If it is shown
by the sworn statement of any insurance company that the total
of all premiums received by said company during the current taxable)
year were less than the premiums received during the preceding
year, The City Treasurer shall refund to said company on or before
February kst that proportion of.the license taxes which exceeds
the amount due and payable upon premiums received during the current
taxable year.
It such license tax is not paid within ten days
;after the same shall become due as provided herein, there shall
,be added to such license tax a penalty of ten (10) percentum therept
,!and any and all companies paying, or offering to pay such
�jlicense taxes after the same have become delinquent, shall also
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pay said ten (10) percent penalty thereof. Said license taxes and
penalties may be recovered as any other delinquent taxes.
In the event of the original application for a license
under this section, the company so applying shall pay on January
1st a fee of five (}5.00) Dollars to apply on the license tax
to engage in business from January 1st to December 31st, but said
company shall file with the City Treasurer on or before
February 1st a sworn statement showing the total amount of
all premiums received during the year ending December 31st.
If additional license taxes based upon premiums received during
said current taxable year shall then be due, said additional
taxes shall be paid on or before February 1st.
SECTION 2.
All ordinances and parts of ordinances in conflict
herewith are, to the extent of such conflict, hereby repealed.
SECTION 3.
This ordinance shall be in full force and effect
from and after its adoption.
mayor
Passed by the Board of Commissioners Dec. 28, 1943
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Recorded by Rudy Stewart, City Clerk Dec. 29, 1943.
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