§ 26-20. Gross direct premium tax.

(a)

Rate of levy on life, accident and sickness insurers.

(1)

There is hereby set and levied each year upon each company authorized to write life, accident and sickness insurance, and which is physically located within the unincorporated limits of the county, an annual tax equal to one percent of the annual gross direct premiums received during the preceding calendar year from policies insuring persons residing within the limits of said county.

(2)

The term "gross direct premiums," as used in this section, shall have the same meaning as that used in O.C.G.A. § 33-8-4, as amended. The tax levied by this subsection (a) is in addition to any business license fee imposed by this Code.

(b)

Rate of law on all other insurers. There is hereby set and levied each year upon each insurance company not taxed under the provisions of subsection (a) of this section, and which is physically located within the unincorporated limits of the county, an annual tax equal to 2½ percent of the annual gross direct premiums received during the preceding calendar year from policies insuring persons residing within the limits of the county. The tax levied by this subsection is in addition to any business license fee imposed by this Code.

(c)

Due date and required report. The gross direct premiums tax levied herein shall be due and payable. The required reports shall be made pursuant to O.C.G.A. §§ 33-8-8.1 and 33-8-8.2.

(d)

False information. It is hereby declared to be a violation of this section for any person, firm, corporation or agent thereof to knowingly give false or incomplete information on any report herein required to be filed.

(e)

Confidentiality of information. All reports required to be filed under this section shall be confidential and the information contained therein shall be used solely by the officers of the county responsible for the administration of this section.

(f)

Enforcement. The taxes levied by this section may be enforced by execution in the same manner as other taxes of this county.

(Code 1998, § 4-104)

State law reference

County taxes on life insurance companies, O.C.G.A. § 33-8-8.1; county taxes on insurance companies other than life insurance companies, O.C.G.A. § 33-8-8.2.