§ 90-135. Gross premiums tax; all other insurers.

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There is hereby levied for the year 2014 and for each year thereafter an annual tax based solely upon gross direct premiums upon each insurer, other than an insurer transacting business in the class of insurance designated by O.C.G.A. § 33-3-5(1), doing business within the State of Georgia in an amount equal to two and one-half percent of the gross direct premiums received during the preceding calendar year in accordance with O.C.G.A. § 33-8-8.2. Gross direct premiums as used in this section shall mean gross direct premiums as used in O.C.G.A. § 33-8-4. The premium tax levied by this section is in addition to the license fees imposed by section 90-131 of this article.

(Code 1976, § 17-64; Ord. of 7-16-2013, § 4, eff. 1-1-2014)

Editor's note

Section 2 of an ordinance adopted July 16, 2013, changed the title of § 90-135 from "Gross premiums tax imposed on all other insurers" to "Gross premiums tax; all other insurers."

                    
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