§ 82-773. Fire, transportation, property damage and other types of insurance.

On any insurer engaged in the business of issuing policies, contracts or other forms of obligations covering the risk of fire, marine, transportation, surety, fidelity, indemnity guaranty, worker's compensation, employer's liability, property damage, livestock, vehicle, automatic sprinkler or burglary or insurance business of any other kind whatsoever, whether such insurer is operating through agents or other representatives or otherwise, a license tax is levied as follows:

(1)

First class. When the gross receipts are not more than $2,000.00, the license tax shall be $40.00.

(2)

Second class. When the gross receipts are more than $2,000.00 and not more than $4,000.00, the license tax shall be $60.00.

(3)

Third class. When the gross receipts are more than $4,000.00 and not more than $6,000.00, the license tax shall be $80.00.

(4)

Fourth class. When the gross receipts exceed $6,000.00, the additional license tax thereafter shall be $70.00 for each $10,000.00, or fraction thereof, in excess of $6,000.00.

(City Code 1965, § 21-221)

State law reference

Authority to levy above tax, R.S. 22:1076(A)(2).