§ 35-133. Basis for tax.

Latest version.

(a)

The annual premiums referred to in section 35-132 shall be the gross amount of premiums on risks located in the parish for the preceding year without any deductions for dividends paid or otherwise credited to policyholders.

(b)

If the company, society, association, corporation, firm, or individual be new, then the premium on risks in unincorporated areas of the parish for the first two (2) months shall be the basis of the license tax and six (6) times that amount shall be estimated as the gross amount of premiums of such business; provided that any company, society, association, corporation, firm or individual commencing business after the first of July, shall pay one-half (½) of the license taxes graded as above, but the license shall never be less than the minimum above provided.

(Code 1961, § 10-75)

                    
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