§ 10-15.1. Annual license tax on insurance companies; due date; penalties.

An annual license tax for the year 1967, and for each subsequent year is levied on any company, society, association, corporation, partnership, firm or individual, engaged in the business of issuing any form of insurance policy or contract in the city, which may now or hereafter be subject to the payment of any license tax for the state purposes, in accordance with Title 22 of the Revised Statutes of Louisiana, and in the amounts and rates due the state under the said statutes.

(1)

The full amount of license taxes levied under this section shall be paid to the director of revenue, regulatory codes, and permits of the city, or to such collection agent as may be designated from time to time, on or before the first day of June, each year, and the director shall issue to the company, society, association, corporation, firm or individual making the said payments a license certificate showing such payment.

(2)

In case of any failure to make payment of license taxes as required by this section, ten (10) percent shall be added to the amount of the tax due unless satisfactory evidence is submitted to the department of revenue, regulatory codes, and permits of the city to show that such failure was due to some unforeseen or unavoidable reason other than mere delay. If the delinquency be for more than thirty (30) days after the due date for the payment license taxes hereunder, the negligence will be presumed, and ten (10) percent will be added without any discretion on the part of said director of revenue, regulatory codes, and permits; all of which shall be collected according to law.

(Ord. No. 92-19, 11-3-92; Ord. No. 15-09 , 11-3-15)