Cornelia |
Code of Ordinances |
Chapter 12. BUSINESSES AND BUSINESS REGULATIONS |
Article III. INSURER'S LICENSE FEES AND GROSS INSURANCE PREMIUM TAX |
§ 12-77. Same—All other insurers.
Latest version.
There is hereby levied an annual tax based solely upon gross direct premiums upon each insurer, other than an insurer transacting business in the class of insurance designated in O.C.G.A. § 33-3-5(1), doing business within the state in an amount equal to 2.5 percent of the gross direct premiums received during the preceding calendar year in accordance with O.C.G.A. § 33-8-8.2. The premium tax levied by this section is in addition to the license fees imposed by section 12-73.
(Prior Code, § 40-5)